
Bridgewater Bancshares (BWB) Stock Forecast & Price Target
Bridgewater Bancshares (BWB) Analyst Ratings
Bulls say
Bridgewater Bancshares Inc reported a significant expansion in core deposits, with an annualized growth rate of 11.5% during the quarter, while non-interest-bearing (NIB) balances experienced an even more robust increase of 17.6%. The company also noted a rise in spread income to $34.1 million, reflecting a 5.1% increase quarter-over-quarter, in alignment with projected forecasts. Furthermore, the net interest income (NII) reached $32.8 million, representing an 8% quarter-over-quarter increase, and the net interest margin (NIM) expanded by 11 basis points to 2.62%, indicating a positive trajectory in profitability metrics.
Bears say
Bridgewater Bancshares's stock outlook appears negative due to its significant exposure to commercial real estate, with over one-third of its loan book secured by this sector, which poses risks should the commercial real estate market downturn. Additionally, the company's noninterest income fell to $2.1 million, underperforming estimates, indicating potential challenges in revenue generation as key income sources, such as swap fees and securities sale gains, decreased. Furthermore, potential risks include slower-than-expected growth in loans and core deposits, credit quality deterioration, elevated operating expenses, and broader economic uncertainties, which could further strain the company's financial performance.
This aggregate rating is based on analysts' research of Bridgewater Bancshares and is not a guaranteed prediction by Public.com or investment advice.
Bridgewater Bancshares (BWB) Analyst Forecast & Price Prediction
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