169,752 Shares in Bridgewater Bancshares, Inc. $BWB Acquired by Algert Global LLC

Algert Global LLC purchased a new position in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 169,752 shares of the company's stock, valued at approximately $3,572,000. Algert Global LLC owned about 0.61% of Bridgewater Bancshares as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bridgewater Bancshares during the second quarter valued at approximately $2,002,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bridgewater Bancshares in the second quarter worth $32,000. Ieq Capital LLC purchased a new position in shares of Bridgewater Bancshares during the second quarter valued at $369,000. BlackRock Inc. acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter valued at about $37,145,000. Finally, Deutsche Bank AG purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $447,000. Institutional investors own 65.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BWB shares. Weiss Ratings raised Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, June 18th. Piper Sandler raised their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Stephens upgraded shares of Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.67.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 15,900 shares of the company's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $20.80, for a total value of $330,720.00. Following the completion of the transaction, the chief executive officer directly owned 1,170,103 shares in the company, valued at approximately $24,338,142.40. This represents a 1.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jeffrey D. Shellberg sold 160,000 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $21.04, for a total value of $3,366,400.00. Following the completion of the sale, the director owned 106,187 shares in the company, valued at $2,234,174.48. The trade was a 60.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 325,873 shares of company stock valued at $6,905,093 over the last ninety days. Company insiders own 23.10% of the company's stock.

Bridgewater Bancshares Price Performance

BWB opened at $21.32 on Friday. The firm has a market cap of $594.40 million, a P/E ratio of 11.59 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The business has a 50 day moving average price of $21.31 and a 200 day moving average price of $19.50. Bridgewater Bancshares, Inc. has a twelve month low of $15.91 and a twelve month high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The business had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

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.

Want to see what other hedge funds are holding BWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source