Bridgewater Bancshares (NASDAQ:BWB) Price Target Cut to $21.00 by Analysts at B. Riley

Bridgewater Bancshares (NASDAQ:BWBGet Rating) had its price target trimmed by B. Riley from $23.00 to $21.00 in a report issued on Tuesday morning, The Fly reports.

Separately, Zacks Investment Research downgraded shares of Bridgewater Bancshares from a hold rating to a sell rating in a report on Wednesday, March 30th.

Shares of NASDAQ:BWB opened at $16.32 on Tuesday. The company has a market capitalization of $460.34 million, a PE ratio of 10.60 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 0.99. Bridgewater Bancshares has a 12 month low of $15.22 and a 12 month high of $20.05. The business’s 50 day moving average price is $17.10.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The company reported $0.39 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.39. The company had revenue of $30.44 million for the quarter, compared to the consensus estimate of $30.73 million. Bridgewater Bancshares had a return on equity of 15.58% and a net margin of 34.05%. On average, equities analysts predict that Bridgewater Bancshares will post 1.63 earnings per share for the current fiscal year.

In related news, CEO Jerry J. Baack sold 4,166 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $17.46, for a total value of $72,738.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mohammed Lawal acquired 10,000 shares of the stock in a transaction on Thursday, February 10th. The shares were purchased at an average price of $17.50 per share, for a total transaction of $175,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 12,498 shares of company stock valued at $218,132. Corporate insiders own 21.97% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Deutsche Bank AG increased its holdings in shares of Bridgewater Bancshares by 5.0% in the 4th quarter. Deutsche Bank AG now owns 12,789 shares of the company’s stock valued at $226,000 after purchasing an additional 604 shares during the period. First Trust Advisors LP grew its position in Bridgewater Bancshares by 6.9% during the fourth quarter. First Trust Advisors LP now owns 13,025 shares of the company’s stock valued at $230,000 after purchasing an additional 837 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Bridgewater Bancshares by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 80,348 shares of the company’s stock valued at $1,407,000 after buying an additional 900 shares during the period. Citigroup Inc. lifted its position in Bridgewater Bancshares by 83.2% in the 3rd quarter. Citigroup Inc. now owns 2,286 shares of the company’s stock worth $40,000 after buying an additional 1,038 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Bridgewater Bancshares by 128.4% during the 3rd quarter. UBS Group AG now owns 1,898 shares of the company’s stock valued at $33,000 after buying an additional 1,067 shares during the period. Institutional investors and hedge funds own 48.79% of the company’s stock.

About Bridgewater Bancshares (Get Rating)

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

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