Bridgewater Bancshares price target raised to $16 from $15 at DA Davidson

DA Davidson raised the firm’s price target on Bridgewater Bancshares to $16 from $15 and keeps a Buy rating on the shares after its Q4 results. The company’s commitment to fund loan growth with a higher quality funding base was again apparent in the quarter, and its strategy is showing glimpses of success, with net interest margins poised for inflection soon and the loan to deposit ratio now at 100%, the analyst tells investors in a research note.