Villanova Investment Management Co LLC Boosts Position in Bridgewater Bancshares, Inc. $BWB

Villanova Investment Management Co LLC raised its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 163.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 152,710 shares of the company’s stock after purchasing an additional 94,841 shares during the period. Bridgewater Bancshares accounts for approximately 2.5% of Villanova Investment Management Co LLC’s holdings, making the stock its 8th biggest holding. Villanova Investment Management Co LLC’s holdings in Bridgewater Bancshares were worth $2,430,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BWB. CWM LLC increased its holdings in Bridgewater Bancshares by 182.1% in the second quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after buying an additional 1,590 shares during the last quarter. AQR Capital Management LLC bought a new position in Bridgewater Bancshares during the 1st quarter worth approximately $178,000. Empowered Funds LLC grew its position in shares of Bridgewater Bancshares by 10.1% in the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock worth $266,000 after acquiring an additional 1,752 shares in the last quarter. First Trust Advisors LP grew its position in shares of Bridgewater Bancshares by 6.3% in the 2nd quarter. First Trust Advisors LP now owns 17,826 shares of the company’s stock worth $284,000 after acquiring an additional 1,050 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at approximately $308,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Bridgewater Bancshares news, COO Lisa M. Salazar sold 2,175 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $16.72, for a total value of $36,366.00. Following the completion of the transaction, the chief operating officer owned 32,091 shares in the company, valued at approximately $536,561.52. This represents a 6.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David J. Volk purchased 16,530 shares of the company’s stock in a transaction on Friday, October 24th. The stock was purchased at an average price of $17.44 per share, for a total transaction of $288,283.20. Following the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 65,489 shares of company stock valued at $1,105,447. Company insiders own 23.27% of the company’s stock.

Bridgewater Bancshares Price Performance

Shares of BWB opened at $17.84 on Monday. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $18.08. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a fifty day moving average price of $17.05 and a 200 day moving average price of $16.33. The company has a market cap of $492.03 million, a P/E ratio of 13.41 and a beta of 0.65.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $26.75 million during the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. On average, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BWB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Bridgewater Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

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.