Bridgewater Bancshares (NASDAQ:BWB) Trading Up 0.4% – Here’s What Happened

Bridgewater Bancshares, Inc. (NASDAQ:BWB) were up 0.4% during mid-day trading on Tuesday . The company traded as high as $18.05 and last traded at $17.94. Approximately 74,165 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 73,570 shares. The stock had previously closed at $17.87.

Wall Street Analyst Weigh In

BWB has been the subject of several recent research reports. Stephens began coverage on shares of Bridgewater Bancshares in a research report on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. DA Davidson restated a “buy” rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Finally, Zacks Research downgraded Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $20.33.

Bridgewater Bancshares Stock Performance

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average price is $17.63 and its 200 day moving average price is $16.91. The company has a market capitalization of $494.79 million, a P/E ratio of 13.49 and a beta of 0.64.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.02). Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The firm had revenue of $36.09 million during the quarter, compared to analyst estimates of $34.20 million. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In other news, CFO Joseph M. Chybowski sold 5,211 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $18.05, for a total transaction of $94,058.55. Following the completion of the sale, the chief financial officer owned 105,349 shares of the company’s stock, valued at $1,901,549.45. This trade represents a 4.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jerry J. Baack sold 13,039 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $17.97, for a total transaction of $234,310.83. Following the transaction, the chief executive officer owned 1,162,264 shares in the company, valued at $20,885,884.08. The trade was a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 127,921 shares of company stock valued at $2,222,413 over the last ninety days. Insiders own 23.27% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Bridgewater Bancshares by 25.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,220 shares of the company’s stock valued at $974,000 after purchasing an additional 12,439 shares during the last quarter. Villanova Investment Management Co LLC raised its stake in shares of Bridgewater Bancshares by 163.9% in the second quarter. Villanova Investment Management Co LLC now owns 152,710 shares of the company’s stock valued at $2,430,000 after buying an additional 94,841 shares during the period. Strs Ohio purchased a new position in shares of Bridgewater Bancshares during the 1st quarter valued at $496,000. Los Angeles Capital Management LLC purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at $2,015,000. Finally, American Century Companies Inc. grew its stake in shares of Bridgewater Bancshares by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock worth $6,989,000 after acquiring an additional 53,258 shares during the period. Hedge funds and other institutional investors own 65.83% of the company’s stock.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.