Bridgewater Bancshares price target raised to $20 from $19 at Piper Sandler

Piper Sandler raised the firm’s price target on Bridgewater Bancshares (BWB) to $20 from $19 and keeps an Overweight rating on the shares. The firm notes the company posted an impressive quarter given 9% PPNR upside via higher net interest income aided by greater net interest margin expansion with strong and high-quality growth on both balance sheet sides.