Nuveen LLC Takes $776,000 Position 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 Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 55,833 shares of the company's stock, valued at approximately $776,000. Nuveen LLC owned 0.20% of Bridgewater Bancshares at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Bridgewater Bancshares by 2.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company's stock valued at $678,000 after buying an additional 1,099 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Bridgewater Bancshares by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 57,814 shares of the company's stock valued at $803,000 after buying an additional 2,161 shares during the period. Sippican Capital Advisors grew its stake in shares of Bridgewater Bancshares by 6.4% in the 1st quarter. Sippican Capital Advisors now owns 96,210 shares of the company's stock valued at $1,336,000 after buying an additional 5,800 shares during the period. GAMMA Investing LLC grew 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 buying an additional 19,065 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Bridgewater Bancshares in the 4th quarter valued at about $171,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $16.47 on Wednesday. Bridgewater Bancshares, Inc. has a twelve month low of $11.93 and a twelve month high of $17.66. The stock's 50 day moving average price is $16.12 and its 200-day moving average price is $14.96. The company has a market capitalization of $452.60 million, a PE ratio of 13.50 and a beta of 0.58. 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 earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Bridgewater Bancshares had a return on equity of 9.73% and a net margin of 14.03%.The firm had revenue of $35.61 million for the quarter, compared to the consensus estimate of $32.03 million. On average, equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on BWB shares. DA Davidson raised their target price on Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Piper Sandler lifted their price target on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $20.00.

Insider Transactions at Bridgewater Bancshares

In other news, EVP Jeffrey D. Shellberg sold 32,273 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $16.03, for a total value of $517,336.19. Following the transaction, the executive vice president owned 325,117 shares in the company, valued at $5,211,625.51. The trade was a 9.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mary Jayne Crocker sold 9,314 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 in the company, valued at $3,087,040.95. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,298 shares of company stock worth $1,508,238. 23.27% of the stock is owned by insiders.

Bridgewater Bancshares Profile

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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