Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals and upward momentum [1]. Group 1: Stock Performance - Bridgewater (BWB) has shown a solid price increase of 10% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - The stock has also increased by 8.1% over the last four weeks, suggesting that the upward trend is still intact [2]. - BWB is currently trading at 93.7% of its 52-week high-low range, indicating a potential breakout [2]. Group 2: Fundamental Strength - BWB holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks generating an average annual return of +25% since 1988 [3]. - The Average Broker Recommendation for BWB is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that BWB's price trend is unlikely to reverse soon, and encourages investors to explore other stocks that meet the "Recent Price Strength" criteria [4]. - It mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4]. - The Zacks Research Wizard tool is recommended for backtesting stock-picking strategies to ensure past profitability [4].

Company Performance - Bridgewater reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.25 per share, but down from $0.30 per share a year ago, representing an earnings surprise of 8% [1] - The company posted revenues of $27.12 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.08%, and slightly down from $27.15 million year-over-year [1] - Over the last four quarters, Bridgewater has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Outlook - The stock has added approximately 11.4% since the beginning of the year, compared to the S&P 500's gain of 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $28.6 million, and for the current fiscal year, it is $1.01 on revenues of $109 million [4] - The estimate revisions trend for Bridgewater is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [4] Industry Context - The Banks - Northeast industry, to which Bridgewater belongs, is currently in the top 20% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Empirical research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1 [5] - BM Technologies, Inc. (BMTX), another company in the same industry, is expected to report a quarterly loss of $0.18 per share, reflecting a year-over-year change of +47.1%, with revenues projected at $14.06 million, down 4.6% from the previous year [5]

Financial Performance - Net income for Q3 2024 was $8.7 million, an increase from $8.1 million in Q2 2024 and a decrease from $9.6 million in Q3 2023[4] - Diluted earnings per share for Q3 2024 were $0.27, compared to $0.26 in Q2 2024 and $0.30 in Q3 2023[4] - Net income available to common shareholders increased to $8,675,000, up from $7,662,000, reflecting a growth of 13.2%[28] - Net income for September 30, 2024, was $8,675,000, representing a 6.9% increase from $8,115,000 in June 30, 2024[38] Asset and Equity Growth - Total assets reached $4.7 billion as of September 30, 2024, with seven branches operating[23] - Total shareholders' equity increased to $452.2 million as of September 30, 2024, up $13.0 million or 3.0% from June 30, 2024, and up $36.2 million or 8.7% from September 30, 2023[20] - Total assets increased to $4,647,925 thousand as of September 30, 2024, compared to $4,464,976 thousand as of the same date in 2023[34] - Total shareholders' equity rose to $452,200 million, compared to $415,960 million, reflecting an increase of approximately 8.67%[31] Deposit and Loan Activity - Core deposits rose by $93.6 million, or 14.4% annualized, while total deposits decreased by $60.3 million from Q2 2024[2] - Total deposits were $3.75 billion in Q3 2024, a decrease of $60.3 million or 1.6% from Q2 2024, but an increase of $71.9 million or 2.0% from Q3 2023[16] - Total gross loans decreased to $3.69 billion in Q3 2024, down $114.8 million or 3.0% from Q2 2024 and $36.7 million or 1.0% from Q3 2023[15] - The loan-to-deposit ratio improved to 98.3% from 99.8% at the end of Q2 2024[2] Interest Income and Expense - Net interest income increased by $603,000, or 2.4%, to $25.6 million from Q2 2024[7] - Interest expense on deposits increased to $34.2 million in Q3 2024, up $2.6 million from Q2 2024 and $7.0 million from Q3 2023[10] - The cost of total deposits was 3.58% in Q3 2024, compared to 3.46% in Q2 2024 and 2.99% in Q3 2023[10] - Total interest income for September 2024 was $51,895, an increase from $48,999 in September 2023, representing a year-over-year growth of 3.6%[32] Noninterest Income and Expense - Noninterest income decreased to $1.5 million in Q3 2024, down $241,000 from Q2 2024 and $204,000 from Q3 2023[13] - Noninterest expense rose to $15.8 million in Q3 2024, an increase of $221,000 from Q2 2024 and $523,000 from Q3 2023[14] - Total noninterest income for September 2024 was $1,522, compared to $1,763 in September 2023, showing a decline of 13.6%[32] - Total noninterest expense for September 2024 was $15,760, an increase from $15,539 in September 2023, reflecting a rise of 1.4%[32] Credit Quality - Nonperforming assets to total assets increased to 0.19% from 0.01% at the end of Q2 2024[3] - Annualized net loan charge-offs as a percentage of average loans were 0.10% for Q3 2024, compared to 0.00% in Q2 2024[3] - Nonperforming loans as of September 30, 2024, totaled $8,378 thousand, representing 0.23% of total loans, compared to $919 thousand or 0.02% as of December 31, 2023[37] - The allowance for credit losses to total loans ratio was 1.38% as of September 30, 2024, consistent with 1.36% as of September 30, 2023[36] Strategic Initiatives - The company announced the strategic acquisition of First Minnetonka City Bank, expected to close in Q4 2024[3] - The Company is in the process of acquiring First Minnetonka City Bank, which may present challenges and impact customer relationships[27] Capital Ratios - The Common Equity Tier 1 Risk-Based Capital Ratio improved to 9.79% at September 30, 2024, compared to 9.41% at June 30, 2024, and 9.07% at September 30, 2023[20] - Tangible Common Equity to Tangible Assets ratio improved to 8.17% from 7.90% in the previous quarter[39] Forward-Looking Statements - Forward-looking statements indicate potential risks including interest rate fluctuations and economic conditions that could affect future performance[25]

Wall Street expects a year-over-year decline in earnings on lower revenues when Bridgewater (BWB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 23. ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------|----------------------------------------------|--- ...

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Q2 2024 Earnings Conference Call July 25, 2024 9:00 AM ET Company Participants Justin Horstman - Vice President of Investor Relations Jerry Baack - President & Chief Executive Officer Joe Chybowski - President & Chief Financial Officer Nick Place - Chief Lending Officer Conference Call Participants Brendan Nosal - Hovde Group Jeff Rulis - D.A. Davidson Nathan Race - Piper Sandler Operator Good morning, and welcome to the Bridgewater Bancshares 2024 Second Quarter Ea ...

Net Interest Income and Margin Trends Net Interest Margin Drivers $2,711 $2,857 $2,909 $2,961 $2,984 $755 $755 $753 $701 $692 $546 $408 $415 $434 $461 $4,012 $4,020 $4,077 $4,096 $4,137 2.91% 3.10% 3.23% 3.34% 3.49% 2Q23 3Q23 4Q23 1Q24 2Q24 1 Represents a Non-GAAP financial measure. See Appendix for Non-GAAP reconciliation Dollars in thousands $15,237 $15,740 $15,189 $15,539 9% 10% 26% 27% Dollars in millions $106 $102 $60 $45 $166 $147 $58 $44 $102 Dollars in millions Tangible Book Value Per Share1 Growth ...

Bridgewater (BWB) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.24, delivering a surprise of -4%. The sustainability of the stock's immediate price ...

Total on- and off-balance sheet liquidity was $2.22 billion as of June 30, 2024, compared to $2.25 billion at March 31, 2024 and $1.96 billion at June 30, 2023. Asset Quality Capital Tangible book value per share, a non-GAAP financial measure, was $13.53 as of June 30, 2024, an increase of 2.4% from $13.20 as of March 31, 2024, and an increase of 11.4% from $12.15 as of June 30, 2023. ● The Company has increased tangible book value per share each of the past 30 quarters. Page 6 of 17 This earnings release c ...