Bridgewater Bancshares (NASDAQ:BWB) Now Covered by Stephens

Stephens began coverage on shares of Bridgewater Bancshares (NASDAQ:BWB) in a research note issued to investors on Wednesday, Marketbeat.com reports. The brokerage issued an equal weight rating and a $20.00 price objective on the stock.

Several other brokerages have also commented on BWB. Zacks Research lowered Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. DA Davidson reissued a “buy” rating and issued a $21.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.33.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB opened at $18.52 on Wednesday. The firm’s 50-day moving average price is $17.10 and its 200-day moving average price is $16.39. Bridgewater Bancshares has a 52-week low of $11.93 and a 52-week high of $18.55. The company has a market cap of $510.78 million, a PE ratio of 13.92 and a beta of 0.65. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The company had revenue of $26.75 million for the quarter. As a group, analysts anticipate that Bridgewater Bancshares will post 1.38 EPS for the current year.

Insider Buying and Selling

In other news, Director David J. Volk purchased 16,530 shares of the stock in a transaction on Friday, October 24th. The shares were acquired at an average price of $17.44 per share, with a total value of $288,283.20. Following the completion of the acquisition, the director directly owned 17,112 shares of the company’s stock, valued at $298,433.28. This trade represents a 2,840.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mary Jayne Crocker sold 8,957 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $16.75, for a total transaction of $150,029.75. Following the completion of the sale, the executive vice president directly owned 203,105 shares of the company’s stock, valued at approximately $3,402,008.75. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 122,710 shares of company stock worth $2,128,354 over the last ninety days. 23.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors have recently added to or reduced their stakes in BWB. Qube Research & Technologies Ltd lifted its holdings in shares of Bridgewater Bancshares by 11.9% in the third quarter. Qube Research & Technologies Ltd now owns 64,823 shares of the company’s stock worth $1,141,000 after buying an additional 6,879 shares in the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Bridgewater Bancshares by 2.3% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 433,960 shares of the company’s stock valued at $7,638,000 after acquiring an additional 9,960 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in Bridgewater Bancshares in the 3rd quarter worth $232,000. Alliancebernstein L.P. boosted its holdings in shares of Bridgewater Bancshares by 181.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares during the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of Bridgewater Bancshares during the third quarter valued at about $3,426,000. 65.83% of the stock is owned by hedge funds and other 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.