Bridgewater Bancshares (NASDAQ:BWB) Stock Rating Reaffirmed by Piper Sandler

Bridgewater Bancshares (NASDAQ:BWB)‘s stock had its “overweight” rating reissued by equities research analysts at Piper Sandler in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $14.00 price objective on the stock, down from their previous price objective of $14.50. Piper Sandler’s price target would suggest a potential upside of 19.15% from the stock’s current price.

BWB has been the topic of a number of other reports. Hovde Group initiated coverage on Bridgewater Bancshares in a research note on Monday, March 4th. They issued an “outperform” rating on the stock. TheStreet downgraded Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Finally, DA Davidson boosted 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 Down 0.4 %

Shares of NASDAQ:BWB opened at $11.75 on Friday. The company has a market capitalization of $325.59 million, a price-to-earnings ratio of 10.40 and a beta of 0.65. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $11.61 and its 200-day moving average is $11.49. Bridgewater Bancshares has a 1 year low of $7.90 and a 1 year high of $14.43.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $26.72 million for the quarter, compared to the consensus estimate of $26.70 million. Bridgewater Bancshares had a return on equity of 10.32% and a net margin of 15.37%. Equities research analysts predict that Bridgewater Bancshares will post 1.13 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Trading of Bridgewater Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its holdings in shares of Bridgewater Bancshares by 28.4% in the fourth quarter. New York State Common Retirement Fund now owns 4,074 shares of the company’s stock valued at $55,000 after acquiring an additional 900 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Bridgewater Bancshares by 300.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,861 shares of the company’s stock valued at $79,000 after acquiring an additional 4,396 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Bridgewater Bancshares in the fourth quarter valued at approximately $157,000. Strs Ohio grew its holdings in shares of Bridgewater Bancshares by 212.4% in the third quarter. Strs Ohio now owns 32,800 shares of the company’s stock valued at $310,000 after acquiring an additional 22,300 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Bridgewater Bancshares in the fourth quarter valued at approximately $406,000. 65.83% of the stock is owned by institutional investors.

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.