Bridgewater Bancshares Soars 4.16% on Strong Q1 Earnings

Generated by AI AgentAinvest Movers Radar
Friday, Apr 25, 2025 6:42 pm ET1min read

Bridgewater Bancshares (BWB) shares surged 4.16% today, marking the fourth consecutive day of gains, with a total increase of 14.34% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 6.80%.

Bridgewater Bancshares reported strong financial results for the first quarter of 2025, with a net income of $9.6 million. This represents an increase from the previous quarter and the same period last year, contributing to positive investor sentiment and a rise in stock price. The company's total revenue saw a 23% year-over-year increase, reaching $32.29 million, which exceeded analyst expectations. Additionally, earnings per share (EPS) for the quarter were reported at 31 cents, reflecting a 12% rise in earnings.

Piper Sandler adjusted its price target for Bridgewater Bancshares from $17 to $18, while maintaining an Overweight rating. This adjustment indicates increased confidence in the stock's future performance, potentially influencing investor decisions and contributing to the recent surge in stock price.

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