Tectonic Advisors LLC Buys Shares of 88,049 Bridgewater Bancshares, Inc. $BWB

Key Points

• Tectonic Advisors LLC bought 88,049 new shares (~$1.543 million) in Q4, equal to about 0.32% of Bridgewater Bancshares.
• Company insiders sold 27,550 shares worth roughly $532,343 over the last quarter, with corporate insiders still holding 23.10% of the stock.
• Bridgewater beat quarterly estimates (EPS $0.44 vs $0.42; revenue $38.84M vs $36.10M) and analysts maintain a Moderate Buy consensus with a $22.33 average price target and recent upward revisions.

Tectonic Advisors LLC bought a new stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 88,049 shares of the company's stock, valued at approximately $1,543,000. Tectonic Advisors LLC owned about 0.32% of Bridgewater Bancshares at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BWB. BNP Paribas Financial Markets lifted its position in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after purchasing an additional 1,046 shares during the last quarter. CWM LLC lifted its position in Bridgewater Bancshares by 118.0% during the third quarter. CWM LLC now owns 5,369 shares of the company's stock valued at $94,000 after purchasing an additional 2,906 shares during the last quarter. Palouse Capital Management Inc. bought a new stake in Bridgewater Bancshares during the third quarter valued at approximately $113,000. AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares during the first quarter worth approximately $178,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Bridgewater Bancshares during the third quarter worth approximately $232,000. 65.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler reissued an "overweight" rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Weiss Ratings raised shares of Bridgewater Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, March 19th. Finally, DA Davidson set a $24.00 price target on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.33.

Insider Activity at Bridgewater Bancshares

In related news, Director James S. Johnson sold 4,712 shares of Bridgewater Bancshares stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $19.71, for a total value of $92,873.52. Following the sale, the director owned 95,348 shares in the company, valued at $1,879,309.08. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas P. Trutna sold 13,000 shares of Bridgewater Bancshares stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $19.51, for a total transaction of $253,630.00. Following the completion of the sale, the director owned 82,634 shares in the company, valued at approximately $1,612,189.34. This trade represents a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,550 shares of company stock worth $532,343 over the last quarter. Corporate insiders own 23.10% of the company's stock.

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock opened at $18.86 on Tuesday. The firm has a market cap of $524.69 million, a PE ratio of 12.57 and a beta of 0.61. Bridgewater Bancshares, Inc. has a 12-month low of $12.35 and a 12-month high of $20.30. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The company's fifty day simple moving average is $18.34 and its two-hundred day simple moving average is $17.87.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $38.84 million for the quarter, compared to analysts' expectations of $36.10 million. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 10.84%. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Bridgewater Bancshares Profile

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.

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