Punch & Associates Investment Management Inc. Sells 252,500 Shares of Bridgewater Bancshares, Inc. $BWB

Key Points

• Punch & Associates Investment Management Inc. reduced its position in Bridgewater Bancshares by 39.8%, selling 252,500 shares in the 1st quarter and now holds approximately 1.39% of the company's shares.
• Other investors like GAMMA Investing LLC and American Century Companies Inc. significantly increased their holdings, with GAMMA boosting its position by 1,665.1% during the same quarter.
• Bridgewater Bancshares reported earnings per share of $0.37, exceeding analysts' estimates of $0.35, and has an average analyst target price of $20.00.

Punch & Associates Investment Management Inc. reduced its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 39.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 382,500 shares of the company's stock after selling 252,500 shares during the quarter. Punch & Associates Investment Management Inc. owned about 1.39% of Bridgewater Bancshares worth $5,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BWB. GAMMA Investing LLC increased its stake in shares of Bridgewater Bancshares by 1,665.1% in the 1st quarter. GAMMA Investing LLC now owns 20,210 shares of the company's stock valued at $281,000 after acquiring an additional 19,065 shares in the last quarter. Nuveen LLC purchased a new stake in Bridgewater Bancshares in the 1st quarter valued at $776,000. American Century Companies Inc. boosted its holdings in Bridgewater Bancshares by 24.4% during the first quarter. American Century Companies Inc. now owns 385,997 shares of the company's stock worth $5,361,000 after purchasing an additional 75,730 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Bridgewater Bancshares by 544.0% in the 4th quarter. Deutsche Bank AG now owns 22,674 shares of the company's stock worth $306,000 after buying an additional 19,153 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Bridgewater Bancshares by 16.9% during the fourth quarter. Barclays PLC now owns 30,378 shares of the company's stock worth $411,000 after acquiring an additional 4,381 shares during the period. 65.83% of the stock is currently owned by institutional investors.

Bridgewater Bancshares Stock Performance

Shares of BWB stock remained flat at $16.47 during trading on Tuesday. 35,009 shares of the company were exchanged, compared to its average volume of 45,284. The stock has a 50-day moving average price of $16.15 and a 200-day moving average price of $15.03. The company has a market capitalization of $452.60 million, a P/E ratio of 13.50 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $17.66. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.02 and a quick ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $32.03 million. As a group, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. DA Davidson lifted their target price on Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Bridgewater Bancshares presently has an average rating of "Buy" and a consensus price target of $20.00.

Insider Buying and Selling

In other news, CEO Jerry J. Baack sold 20,000 shares of the company's stock in a transaction dated Wednesday, July 30th. The stock was sold at an average price of $16.02, for a total transaction of $320,400.00. Following the sale, the chief executive officer directly owned 1,224,361 shares in the company, valued at $19,614,263.22. This represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey D. Shellberg sold 32,273 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $16.03, for a total transaction of $517,336.19. Following the completion of the sale, the executive vice president directly owned 325,117 shares in the company, valued at approximately $5,211,625.51. The trade was a 9.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,298 shares of company stock valued at $1,508,238 in the last 90 days. Corporate insiders own 23.27% of the company's stock.

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.