Bridgewater Bancshares price target raised to $18 from $17 at Piper Sandler

Piper Sandler raised the firm’s price target on Bridgewater Bancshares (BWB) to $18 from $17 and keeps an Overweight rating on the shares. The firm notes the company generated strong Q1 results that included 12% PPNR upside via stronger net interest income aided by greater net interest margin expansion with impressive growth on both balance sheet sides.