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Fly News Breaks for April 9, 2018
BWB
Apr 9, 2018 | 06:11 EDT
DA Davidson analyst Kevin Reevey initiated Bridgewater Bancshares with a Buy rating and a price target of $15.50. Reevey says that Bridgewater should trade at a premium relative to peers based on its balance sheet growth, best-in-class operating metrics, and footprint in the "attractive" greater Twin Cities market. The analyst adds that the bank's recent IPO should give it the necessary capital to further support balance sheet growth through organic means and through acquisitions.
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