Strs Ohio Buys Shares of 35,700 Bridgewater Bancshares, Inc. $BWB

Key Points

• Strs Ohio has acquired a new stake in Bridgewater Bancshares, purchasing 35,700 shares valued at approximately $496,000.
• Bridgewater Bancshares has received recent upgrades in analyst ratings, with target prices increasing to $20.00 from $18.00 and $19.00 by DA Davidson and Piper Sandler respectively.
• Insider activity includes Director Douglas J. Parish selling 7,500 shares, marking a 48.06% decrease in ownership, as part of a trend where insiders have sold 94,298 shares within the last three months.

Strs Ohio acquired a new stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 35,700 shares of the company's stock, valued at approximately $496,000. Strs Ohio owned approximately 0.13% of Bridgewater Bancshares as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its stake in Bridgewater Bancshares by 24.4% during the 1st quarter. American Century Companies Inc. now owns 385,997 shares of the company's stock valued at $5,361,000 after purchasing an additional 75,730 shares in the last quarter. Nuveen LLC purchased a new position in shares of Bridgewater Bancshares in the 1st quarter worth about $776,000. Jane Street Group LLC purchased a new position in shares of Bridgewater Bancshares in the 1st quarter worth about $357,000. Deutsche Bank AG boosted its holdings 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, GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 19,065 shares during the last quarter. Institutional investors own 65.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DA Davidson upped their price objective on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, July 25th. Piper Sandler upped 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, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $20.00.

Bridgewater Bancshares Trading Up 0.2%

BWB stock traded up $0.04 on Monday, reaching $17.39. The company's stock had a trading volume of 136,675 shares, compared to its average volume of 109,698. The business has a fifty day simple moving average of $16.18 and a two-hundred day simple moving average of $15.21. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $18.01. The firm has a market cap of $477.88 million, a PE ratio of 14.25 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.37 EPS 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 company had revenue of $35.61 million during the quarter, compared to analyst estimates of $32.03 million. As a group, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling

In related news, 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 transaction, the executive vice president directly owned 192,339 shares of the company's stock, valued at approximately $3,087,040.95. The trade was a 4.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Trutna sold 6,152 shares of Bridgewater Bancshares stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $16.40, for a total value of $100,892.80. Following the completion of the sale, the director directly owned 94,496 shares in the company, valued at approximately $1,549,734.40. The trade was a 6.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,298 shares of company stock worth $1,508,238 in the last quarter. 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.