Bridgewater Bancshares (NASDAQ:BWB) Hits New 12-Month High – Should You Buy?

Bridgewater Bancshares, Inc. (NASDAQ:BWB)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $19.40 and last traded at $19.27, with a volume of 41063 shares traded. The stock had previously closed at $19.18.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. DA Davidson set a $24.00 price objective on Bridgewater Bancshares in a report on Thursday. Stephens started coverage on shares of Bridgewater Bancshares in a research report on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 price target for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, January 21st. Finally, Piper Sandler restated an “overweight” rating and issued a $23.00 target price (up previously from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Bridgewater Bancshares has a consensus rating of “Hold” and a consensus price target of $22.33.

Bridgewater Bancshares Trading Up 0.1%

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a 50-day moving average price of $18.08 and a 200-day moving average price of $17.07. The company has a market capitalization of $529.67 million, a price-to-earnings ratio of 12.80 and a beta of 0.64.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%.The business had revenue of $38.84 million for the quarter, compared to analysts’ expectations of $36.10 million. As a group, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Activity at Bridgewater Bancshares

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 transaction of $36,366.00. Following the completion of the sale, the chief operating officer directly owned 32,091 shares in the company, valued at $536,561.52. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mary Jayne Crocker sold 4,080 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $17.04, for a total transaction of $69,523.20. Following the completion of the sale, the executive vice president owned 199,025 shares in the company, valued at $3,391,386. This represents a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 118,482 shares of company stock worth $2,061,855. 23.27% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in shares of Bridgewater Bancshares by 78.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after acquiring an additional 1,046 shares during the period. CWM LLC lifted its position in shares of Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after acquiring an additional 1,590 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Bridgewater Bancshares by 253.6% in the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after purchasing an additional 2,762 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Bridgewater Bancshares during the third quarter worth $113,000. Finally, AQR Capital Management LLC bought a new position in Bridgewater Bancshares in the 1st quarter valued at approximately $178,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.