Trexquant Investment LP Raises Stock Holdings in Bridgewater Bancshares, Inc. $BWB

Trexquant Investment LP increased its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 38.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,938 shares of the company’s stock after acquiring an additional 8,867 shares during the period. Trexquant Investment LP owned approximately 0.12% of Bridgewater Bancshares worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in shares of 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 during the period. Squarepoint Ops LLC acquired a new position in shares of Bridgewater Bancshares during the 4th quarter worth approximately $171,000. GAMMA Investing LLC raised its position in shares of Bridgewater Bancshares by 1,665.1% during the 1st quarter. GAMMA Investing LLC now owns 20,210 shares of the company’s stock valued at $281,000 after buying an additional 19,065 shares during the period. Bank of America Corp DE raised its position in shares of Bridgewater Bancshares by 27.8% during the 4th quarter. Bank of America Corp DE now owns 22,090 shares of the company’s stock valued at $298,000 after buying an additional 4,799 shares during the period. Finally, Deutsche Bank AG lifted its stake in Bridgewater Bancshares by 544.0% during the fourth quarter. Deutsche Bank AG now owns 22,674 shares of the company’s stock worth $306,000 after purchasing an additional 19,153 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. DA Davidson upped their price objective on Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Piper Sandler upped their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $20.00.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director Douglas J. Parish sold 7,500 shares of Bridgewater Bancshares stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $15.23, for a total transaction of $114,225.00. Following the transaction, the director owned 8,107 shares in the company, valued at approximately $123,469.61. The trade was a 48.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jerry J. Baack sold 20,000 shares of Bridgewater Bancshares stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $16.02, for a total transaction of $320,400.00. Following the sale, the chief executive officer directly owned 1,224,361 shares in the company, valued at $19,614,263.22. This trade represents a 1.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 94,298 shares of company stock worth $1,508,238. Corporate insiders own 23.27% of the company’s stock.

Bridgewater Bancshares Stock Up 2.4%

BWB stock opened at $16.47 on Tuesday. The stock has a market capitalization of $452.60 million, a P/E ratio of 13.50 and a beta of 0.58. The company has a 50 day moving average price of $16.14 and a two-hundred day moving average price of $15.02. Bridgewater Bancshares, Inc. has a one year low of $11.93 and a one year high of $17.66. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $35.61 million for the quarter, compared to analyst estimates of $32.03 million. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. As a group, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 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.