Next Century Growth Investors LLC Sells 981 Shares of Bridgewater Bancshares, Inc. $BWB

Next Century Growth Investors LLC trimmed its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 0.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,307 shares of the company’s stock after selling 981 shares during the quarter. Next Century Growth Investors LLC owned approximately 1.07% of Bridgewater Bancshares worth $4,088,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its position in Bridgewater Bancshares by 266.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company’s stock valued at $45,000 after acquiring an additional 2,441 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Bridgewater Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock worth $158,000 after purchasing an additional 2,540 shares during the last quarter. Squarepoint Ops LLC bought a new stake in Bridgewater Bancshares during the fourth quarter valued at about $171,000. GAMMA Investing LLC boosted its position in Bridgewater Bancshares by 1,665.1% during the first quarter. GAMMA Investing LLC now owns 20,210 shares of the company’s stock valued at $281,000 after purchasing an additional 19,065 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Bridgewater Bancshares by 27.8% in the fourth quarter. Bank of America Corp DE now owns 22,090 shares of the company’s stock valued at $298,000 after purchasing an additional 4,799 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

BWB has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, July 28th. DA Davidson raised their target price on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $20.00.

Insider Buying and Selling

In related news, EVP Jeffrey D. Shellberg sold 32,273 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $16.03, for a total value of $517,336.19. Following the transaction, the executive vice president owned 325,117 shares in the company, valued at approximately $5,211,625.51. This represents a 9.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mary Jayne Crocker sold 9,314 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $16.05, for a total transaction of $149,489.70. Following the sale, the executive vice president owned 192,339 shares of the company’s stock, valued at approximately $3,087,040.95. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 98,035 shares of company stock worth $1,562,050 in the last quarter. 23.27% of the stock is currently owned by corporate insiders.

Bridgewater Bancshares Stock Up 0.4%

BWB stock opened at $16.45 on Thursday. The stock has a market capitalization of $452.05 million, a PE ratio of 13.48 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $17.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25. The firm has a 50 day moving average of $16.03 and a 200 day moving average of $14.92.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. The business had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $32.03 million. Sell-side analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.