Bridgewater Bancshares (NASDAQ:BWB) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• Bridgewater Bancshares has received a "Hold (C+)" rating from Weiss Ratings, amidst varying opinions from other analysts.
• The stock is currently trading at $17.39, reflecting a 1.3% decrease during recent trading hours.
• Insider selling activity includes EVP Mary Jayne Crocker selling 9,314 shares, reflecting a 4.62% decrease in her ownership.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on the stock. Zacks Research lowered shares of Bridgewater Bancshares from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 23rd. DA Davidson increased their price objective on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Piper Sandler raised their target price on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Bridgewater Bancshares Trading Down 1.3%

NASDAQ BWB traded down $0.23 during trading hours on Wednesday, hitting $17.39. The company's stock had a trading volume of 115,464 shares, compared to its average volume of 78,741. The stock has a fifty day moving average of $16.41 and a 200 day moving average of $15.46. Bridgewater Bancshares has a twelve month low of $11.93 and a twelve month high of $18.01. The firm has a market capitalization of $477.88 million, a P/E ratio of 14.25 and a beta of 0.59. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. The business had revenue of $35.61 million for the quarter, compared to analyst estimates of $32.03 million. Equities research analysts forecast that Bridgewater Bancshares will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Mary Jayne Crocker sold 9,314 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $16.05, for a total value of $149,489.70. Following the completion of the transaction, the executive vice president owned 192,339 shares of the company's stock, valued at $3,087,040.95. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Douglas J. Parish sold 7,500 shares of the firm's stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $15.23, for a total transaction of $114,225.00. Following the sale, the director owned 8,107 shares of the company's stock, valued at approximately $123,469.61. This represents a 48.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,298 shares of company stock worth $1,508,238. Corporate insiders own 23.27% of the company's stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its position in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock worth $38,000 after purchasing an additional 1,046 shares in the last quarter. CWM LLC increased its position in Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company's stock worth $39,000 after purchasing an additional 1,590 shares in the last quarter. AQR Capital Management LLC acquired a new position in Bridgewater Bancshares during the 1st quarter worth approximately $178,000. Quantinno Capital Management LP acquired a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $259,000. Finally, First Trust Advisors LP increased its position in Bridgewater Bancshares by 6.3% during the 2nd quarter. First Trust Advisors LP now owns 17,826 shares of the company's stock worth $284,000 after purchasing an additional 1,050 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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