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Investing.com - DA Davidson has reiterated its Buy rating on Bridgewater Bancshares Inc. (NASDAQ:BWB) with a price target of $21.00 following the bank’s third-quarter 2025 results. The stock, currently trading at $16.19, has shown strong momentum with a 31.75% gain over the past six months, according to InvestingPro data.
The investment firm described BWB’s quarterly performance as "in line" and "solid but not particularly remarkable," suggesting the results met expectations without significant surprises.
DA Davidson noted that in the current earnings season, consistent results coupled with a clean credit profile should be viewed as positive factors for banking institutions.
The firm highlighted encouraging trends in net interest margin (NIM) and the overall balance sheet, while pointing out that fee income had declined from "the prior quarter’s high level."
The rating reaffirmation comes as Bridgewater Bancshares prepares for its conference call scheduled for October 22, where management will likely provide further insights into the quarterly performance.
In other recent news, Bridgewater Bancshares Inc . reported its third-quarter earnings, which did not meet analyst expectations. The company announced an adjusted earnings per share of $0.39, slightly below the anticipated $0.40. Revenue for the quarter was reported at $36.2 million, falling short of the consensus estimate of $36.8 million. Despite the earnings miss, the company experienced growth in both loans and deposits during this period. These developments are part of the recent updates surrounding Bridgewater Bancshares.
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