Weiss Ratings Reaffirms "Hold (C+)" Rating for Bridgewater Bancshares (NASDAQ:BWB)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for Bridgewater Bancshares (NASDAQ:BWB), indicating a cautious stance on the stock's performance.
• Bridgewater Bancshares has a consensus rating of "Moderate Buy" among analysts, with a price target averaging $20.50.
• The company's stock has experienced recent insider selling, with notable executives reducing their holdings, contributing to a 4.62% and 48.06% decrease in their stock positions.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a report released on Friday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on the company. Zacks Research lowered Bridgewater Bancshares from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 23rd. DA Davidson reiterated a "buy" rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday. Finally, Piper Sandler boosted their target price on Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Bridgewater Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Bridgewater Bancshares Price Performance

Shares of BWB stock traded up $0.59 during trading hours on Friday, hitting $17.44. The company had a trading volume of 86,688 shares, compared to its average volume of 82,577. Bridgewater Bancshares has a 12 month low of $11.93 and a 12 month high of $18.01. The firm has a market capitalization of $479.25 million, a price-to-earnings ratio of 13.11 and a beta of 0.59. The firm's fifty day moving average is $16.78 and its 200 day moving average is $15.74. 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 released its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. Bridgewater Bancshares had a return on equity of 10.46% and a net margin of 14.52%.The company had revenue of $26.75 million for the quarter. On average, sell-side analysts predict that Bridgewater Bancshares will post 1.38 EPS for the current fiscal year.

Insider Activity

In other Bridgewater Bancshares news, EVP Mary Jayne Crocker sold 9,314 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $16.05, for a total transaction of $149,489.70. Following the transaction, the executive vice president owned 192,339 shares of the company's stock, valued at approximately $3,087,040.95. This represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Douglas J. Parish sold 7,500 shares of the company'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 transaction, the director directly owned 8,107 shares in the company, valued at approximately $123,469.61. This represents a 48.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,298 shares of company stock worth $1,508,238. 23.27% of the stock is owned by company insiders.

Institutional Trading of Bridgewater Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after acquiring an additional 1,046 shares during the last quarter. First Trust Advisors LP raised its position in shares of Bridgewater Bancshares by 6.3% during the 2nd quarter. First Trust Advisors LP now owns 17,826 shares of the company's stock valued at $284,000 after acquiring an additional 1,050 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Bridgewater Bancshares by 2.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company's stock valued at $678,000 after acquiring an additional 1,099 shares during the last quarter. Sippican Capital Advisors raised its position in shares of Bridgewater Bancshares by 1.5% during the 2nd quarter. Sippican Capital Advisors now owns 97,610 shares of the company's stock valued at $1,553,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Bridgewater Bancshares by 2.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 78,240 shares of the company's stock valued at $1,245,000 after acquiring an additional 1,570 shares during the last quarter. Institutional investors own 65.83% 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.

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