Nuveen LLC Acquires New Shares in Bridgewater Bancshares, Inc. $BWB

Key Points

• Nuveen LLC has purchased 55,833 shares of Bridgewater Bancshares, valued at approximately $776,000, representing a 0.20% stake in the company.
• Bridgewater Bancshares recently reported an earnings per share (EPS) of $0.37, surpassing estimates and achieving a net margin of 14.03%.
• Investment analysts have set a new average price target of $20.00 for Bridgewater Bancshares, reflecting positive sentiment and multiple "buy" ratings from analysts.

Nuveen LLC bought a new stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 55,833 shares of the company's stock, valued at approximately $776,000. Nuveen LLC owned about 0.20% of Bridgewater Bancshares as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BWB. Tower Research Capital LLC TRC boosted its position in shares of Bridgewater Bancshares by 266.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock valued at $45,000 after buying an additional 2,441 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Bridgewater Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company's stock valued at $158,000 after buying an additional 2,540 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Bridgewater Bancshares during the fourth quarter valued at approximately $171,000. GAMMA Investing LLC boosted its position in shares of Bridgewater Bancshares by 1,665.1% during the first quarter. GAMMA Investing LLC now owns 20,210 shares of the company's stock valued at $281,000 after buying an additional 19,065 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Bridgewater Bancshares by 27.8% during the fourth quarter. Bank of America Corp DE now owns 22,090 shares of the company's stock valued at $298,000 after buying an additional 4,799 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BWB. DA Davidson lifted their target price on Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Piper Sandler boosted their price objective on 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, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $20.00.

Bridgewater Bancshares Stock Performance

BWB stock traded down $0.47 during midday trading on Friday, hitting $16.09. The company's stock had a trading volume of 60,083 shares, compared to its average volume of 44,077. The stock's 50-day moving average price is $16.13 and its 200 day moving average price is $15.00. 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, Inc. has a 1 year low of $11.93 and a 1 year high of $17.66. The stock has a market cap of $442.15 million, a price-to-earnings ratio of 13.19 and a beta of 0.58.

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

Insider Transactions at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Douglas J. Parish sold 7,500 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $15.23, for a total value of $114,225.00. Following the sale, the director directly owned 8,107 shares in the company, valued at $123,469.61. The trade was a 48.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey D. Shellberg sold 6,040 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $16.09, for a total value of $97,183.60. Following the completion of the sale, the executive vice president owned 317,390 shares in the company, valued at approximately $5,106,805.10. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,298 shares of company stock valued at $1,508,238. 23.27% of the stock is currently owned by insiders.

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.