Bridgewater Bancshares (NASDAQ:BWB) Trading Up 2.4% - Time to Buy?

Key Points

• Share price action: Bridgewater Bancshares rose 2.4% to $17.34 on Monday, with 115,360 shares traded—about 69% above average session volume.
• Analyst sentiment: The stock has a consensus rating of Moderate Buy from five analysts, with an average price target of $22.33 and individual targets up to $24.
• Fundamentals & insider activity: The company beat quarterly estimates (EPS $0.44 vs $0.42; revenue $38.84M), has a PE of 11.56, but insiders sold roughly 27,550 shares (~$532K) in the past three months while still owning about 23.1%.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report)'s share price traded up 2.4% during trading on Monday . The stock traded as high as $17.77 and last traded at $17.34. 115,360 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 68,175 shares. The stock had previously closed at $16.94.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stephens began coverage on Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an "equal weight" rating and a $20.00 target price on the stock. Piper Sandler reiterated an "overweight" rating and issued a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Weiss Ratings raised shares of Bridgewater Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Finally, DA Davidson set a $24.00 price objective on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Bridgewater Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $22.33.

Bridgewater Bancshares Stock Up 2.4%

The stock has a market cap of $482.40 million, a PE ratio of 11.56 and a beta of 0.64. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day moving average price of $18.50 and a two-hundred day moving average price of $17.74.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a return on equity of 10.84% and a net margin of 15.74%.The company had revenue of $38.84 million for the quarter, compared to analysts' expectations of $36.10 million. Analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Transactions at Bridgewater Bancshares

In related news, Director James S. Johnson sold 4,712 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $19.71, for a total transaction of $92,873.52. Following the transaction, the director owned 95,348 shares in the company, valued at $1,879,309.08. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas P. Trutna sold 13,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $19.51, for a total transaction of $253,630.00. Following the completion of the sale, the director directly owned 82,634 shares of the company's stock, valued at approximately $1,612,189.34. This trade represents a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,550 shares of company stock worth $532,343 over the last three months. 23.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of BWB. Inspire Investing LLC grew its holdings in Bridgewater Bancshares by 2.1% during the fourth quarter. Inspire Investing LLC now owns 26,748 shares of the company's stock valued at $469,000 after purchasing an additional 544 shares during the period. Gator Capital Management LLC raised its stake in shares of Bridgewater Bancshares by 0.7% in 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 lifted its position in shares of Bridgewater Bancshares by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company's stock valued at $3,286,000 after buying an additional 770 shares in the last quarter. Ieq Capital LLC grew its stake in shares of Bridgewater Bancshares by 6.2% during 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 increased its holdings in Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company's stock worth $206,000 after acquiring an additional 855 shares in the last quarter. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

About Bridgewater Bancshares

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.

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