Bridgewater Bancshares (NASDAQ:BWB) Hits New 1-Year High – Here’s What Happened

Bridgewater Bancshares, Inc. (NASDAQ:BWB) shares hit a new 52-week high on Monday . The stock traded as high as $21.01 and last traded at $20.67, with a volume of 1013815 shares trading hands. The stock had previously closed at $20.84.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. DA Davidson reissued a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.67.

Bridgewater Bancshares Stock Up 0.5%

The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 1.06. The business’s fifty day moving average price is $18.99 and its two-hundred day moving average price is $18.57. The stock has a market capitalization of $577.51 million, a PE ratio of 11.72 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%.The firm had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. On average, equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Nicholas L. Place sold 4,688 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $19.27, for a total value of $90,337.76. Following the completion of the transaction, the insider directly owned 139,622 shares in the company, valued at $2,690,515.94. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Lisa M. Salazar sold 4,162 shares of Bridgewater Bancshares stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $18.55, for a total value of $77,205.10. Following the sale, the chief operating officer directly owned 36,077 shares of the company’s stock, valued at $669,228.35. This trade represents a 10.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 62,375 shares of company stock valued at $1,161,104. Insiders own 23.10% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC boosted its position in shares of Bridgewater Bancshares by 2.1% during the 4th quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock valued at $469,000 after acquiring an additional 544 shares during the last quarter. Gator Capital Management LLC boosted its stake in Bridgewater Bancshares by 0.7% during the third quarter. Gator Capital Management LLC now owns 101,005 shares of the company’s stock worth $1,778,000 after buying an additional 680 shares during the period. Villanova Investment Management Co LLC increased its position in shares of Bridgewater Bancshares by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after acquiring an additional 770 shares during the last quarter. Ieq Capital LLC raised its stake in shares of Bridgewater Bancshares by 6.2% in the 4th quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock valued at $230,000 after acquiring an additional 770 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after acquiring an additional 855 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.