Bridgewater Bancshares price target raised to $20 from $18 at DA Davidson

DA Davidson raised the firm’s price target on Bridgewater Bancshares (BWB) to $20 from $18 and keeps a Buy rating on the shares. Bridgewater seems to have transitioned back to the historical high growth/low efficiency story, and net interest income, net interest margin, loan growth, and fee growth all surpassing expectations and having momentum ahead, the analyst tells investors in a research note.