Bridgewater BancsharesNASDAQ: BWB

Bridgewater Bancshares is a regional bank in Minnesota, dealing with the industry pressures of higher interest rates and lower deposits. Despite challenges with interest rate spreads, the bank has stabilized net interest income and maintained strong deposit growth. Risks include high loan to deposit ratio and exposure to commercial real estate loans, but the bank has adequate liquidity to cover uninsured deposits.

Bridgewater (BWB) reported earnings of $0.24 per share for the quarter, which fell short of the Zacks Consensus Estimate of $0.25 per share. This is lower than the earnings of $0.37 per share reported in the same quarter last year.

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced that it will release its fourth quarter 2023 financial results after the market closes on Wednesday, January 24, 2024. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, January 25, 2024 at 8:00 a.m. Central Time. Conference Call Details: To join the conference call via phone, you may dial 844-481-2913 and request t.

Bridgewater (BWB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Bridgewater Bancshares, Inc. has shown growth in deposits and a decrease in uninsured deposits, indicating positive financial performance. The company's loan portfolio has slightly decreased, but it is not a cause for concern. Revenue and profit have weakened, but this is likely due to a decline in net interest margin and high interest rates.

Bridgewater Bancshares, Inc. (NASDAQ:BWB ) Q3 2023 Earnings Conference Call October 26, 2023 9:00 AM ET Company Participants Justin Horstman - Director of Investor Relations Jerry Baack - Chairman, President and Chief Executive Officer Joe Chybowski - Chief Financial Officer Jeff Shellberg - Executive Vice President and Chief Credit Officer Nick Place - Chief Lending Officer Conference Call Participants Jeffrey Rulis - D.A. Davidson Operator Good morning, and welcome to the Bridgewater Bancshares 2023 Third Quarter Earnings Call.

Bridgewater Bancshares' 5.875% dividend preferred shares are trading below their March levels, offering an attractive 8.8% dividend yield. The bank's net interest income has been declining due to higher borrowing costs, but it has successfully controlled overhead costs. BWB has strengthened its capital position but faces challenges such as a drop in net interest margin and a high loan-to-deposit ratio.

Bridgewater Bancshares is a strong buy candidate despite weakness in revenue and earnings, with robust deposits and cheap shares. The company has a growing loan portfolio, with a focus on commercial and industrial loans and little office exposure. The value of deposits has increased, and the company has successfully reduced exposure to uninsured deposits.

Bridgewater (BWB) came out with quarterly earnings of $0.31 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.41 per share a year ago.