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BWBBP - Bridgewater Bancshares: 8.2% Yielding Preferred Share Is Good Income Investment
Bridgewater Bancshares Inc. Depositary Shares Each Representing a 1/100th Interest in a Share of 5.875% Non-Cumulative Perpetual Preferred Stock Series A
2024-06-18 16:16:44 ET
Summary
Bridgewater Bancshares is a regional bank in Minnesota, dealing with the industry pressures of higher interest rates and lower deposits.
Despite challenges with interest rate spreads, the bank has stabilized net interest income and maintained strong deposit growth.
Risks include high loan to deposit ratio and exposure to commercial real estate loans, but the bank has adequate liquidity to cover uninsured deposits.
Bridgewater Bancshares Inc. Depositary Shares Each Representing a 1/100th Interest in a Share of 5.875% Non-Cumulative Perpetual Preferred Stock Series A