Bridgewater Bancshares price target raised to $19 from $18 at Piper Sandler

Piper Sandler raised the firm’s price target on Bridgewater Bancshares (BWB) to $19 from $18 and keeps an Overweight rating on the shares. The firm sees additional outperformance as profitability metrics further improve and with solid upside potential to estimates given Bridgewater’s stronger organic balance sheet and NII growth prospects, the analyst tells investors in a research note.