Bridgewater Bancshares (NASDAQ:BWB) Posts Quarterly Earnings Results, Hits Expectations

Bridgewater Bancshares (NASDAQ:BWBGet Rating) released its quarterly earnings results on Thursday. The company reported $0.39 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39, MarketWatch Earnings reports. Bridgewater Bancshares had a net margin of 34.05% and a return on equity of 15.58%.

Shares of BWB opened at $16.02 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.99 and a quick ratio of 0.99. Bridgewater Bancshares has a 1 year low of $15.52 and a 1 year high of $20.05. The company has a 50 day simple moving average of $16.80 and a two-hundred day simple moving average of $17.47. The firm has a market cap of $451.92 million, a P/E ratio of 10.27 and a beta of 0.73.

BWB has been the subject of several analyst reports. Zacks Investment Research lowered shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th. B. Riley reduced their target price on shares of Bridgewater Bancshares from $23.00 to $21.00 in a report on Tuesday, April 12th.

In other news, CEO Jerry J. Baack sold 4,166 shares of the stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $17.46, for a total transaction of $72,738.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mohammed Lawal bought 10,000 shares of the stock in a transaction dated Thursday, February 10th. The shares were purchased at an average price of $17.50 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 12,498 shares of company stock valued at $214,466. Insiders own 21.97% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG boosted its position 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 acquiring an additional 1,067 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in Bridgewater Bancshares by 278.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,574 shares of the company’s stock worth $80,000 after buying an additional 3,366 shares during the last quarter. Citigroup Inc. lifted its position in Bridgewater Bancshares by 125.5% in the fourth quarter. Citigroup Inc. now owns 5,154 shares of the company’s stock worth $91,000 after buying an additional 2,868 shares during the last quarter. Wells Fargo & Company MN lifted its position in Bridgewater Bancshares by 18,395.3% in the fourth quarter. Wells Fargo & Company MN now owns 11,837 shares of the company’s stock worth $209,000 after buying an additional 11,773 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Bridgewater Bancshares by 5.0% in the fourth quarter. Deutsche Bank AG now owns 12,789 shares of the company’s stock worth $226,000 after buying an additional 604 shares during the last quarter. Hedge funds and other institutional investors own 48.79% of the company’s stock.

Bridgewater Bancshares Company Profile (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.

Featured Stories

Earnings History for Bridgewater Bancshares (NASDAQ:BWB)

Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.