SG Americas Securities LLC Buys New Shares in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

SG Americas Securities LLC bought a new stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the fourth quarter, HoldingsChannel reports. The fund bought 11,632 shares of the company’s stock, valued at approximately $157,000.

Other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in Bridgewater Bancshares by 102.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,844 shares of the company’s stock valued at $31,000 after acquiring an additional 935 shares during the last quarter. Citigroup Inc. increased its stake in Bridgewater Bancshares by 1,090.2% in the second quarter. Citigroup Inc. now owns 6,189 shares of the company’s stock valued at $61,000 after acquiring an additional 5,669 shares during the last quarter. Wells Fargo & Company MN increased its stake in Bridgewater Bancshares by 112.6% in the second quarter. Wells Fargo & Company MN now owns 7,835 shares of the company’s stock valued at $77,000 after acquiring an additional 4,150 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Bridgewater Bancshares by 59.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,146 shares of the company’s stock valued at $83,000 after acquiring an additional 1,924 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Bridgewater Bancshares by 327.1% during the fourth quarter. Barclays PLC now owns 5,463 shares of the company’s stock valued at $97,000 after buying an additional 4,184 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Insider Transactions at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director James S. Johnson sold 12,590 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.62, for a total value of $146,295.80. Following the completion of the sale, the director now directly owns 94,063 shares in the company, valued at $1,093,012.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 15,687 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total value of $205,656.57. Following the completion of the sale, the chief executive officer now directly owns 1,237,351 shares in the company, valued at $16,221,671.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Johnson sold 12,590 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total transaction of $146,295.80. Following the completion of the sale, the director now owns 94,063 shares of the company’s stock, valued at $1,093,012.06. The disclosure for this sale can be found here. 23.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BWB shares. Hovde Group started coverage on Bridgewater Bancshares in a research note on Monday, March 4th. They set an “outperform” rating on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $15.50 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, January 17th. TheStreet cut Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Finally, DA Davidson raised their price objective on Bridgewater Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, January 26th.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock opened at $11.18 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average of $11.67 and a 200-day moving average of $11.37. The firm has a market cap of $309.80 million, a P/E ratio of 8.87 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 1-year low of $7.90 and a 1-year high of $14.43.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Wednesday, January 24th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $26.72 million during the quarter, compared to analyst estimates of $26.70 million. Bridgewater Bancshares had a net margin of 17.46% and a return on equity of 11.53%. Sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.13 EPS for the current year.

Bridgewater Bancshares Company Profile

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.