Bridgewater Bancshares (NASDAQ:BWB) Stock Rating Reaffirmed by Piper Sandler

Bridgewater Bancshares (NASDAQ:BWB)‘s stock had its “overweight” rating restated by analysts at Piper Sandler in a note issued to investors on Friday, Benzinga reports. They presently have a $14.00 price objective on the stock, down from their prior price objective of $14.50. Piper Sandler’s target price indicates a potential upside of 19.15% from the company’s current price.

A number of other research analysts also recently weighed in on BWB. DA Davidson raised their price objective on Bridgewater Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Hovde Group assumed coverage on Bridgewater Bancshares in a research note on Monday, March 4th. They issued an “outperform” rating on the stock. Finally, TheStreet downgraded Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th.

Bridgewater Bancshares Trading Down 0.4 %

Shares of NASDAQ BWB opened at $11.75 on Friday. Bridgewater Bancshares has a one year low of $7.90 and a one year high of $14.43. The firm has a market capitalization of $325.59 million, a PE ratio of 10.40 and a beta of 0.65. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11. The business has a 50-day moving average price of $11.61 and a two-hundred day moving average price of $11.49.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, January 24th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. Bridgewater Bancshares had a return on equity of 10.32% and a net margin of 15.37%. The firm had revenue of $26.72 million during the quarter, compared to analyst estimates of $26.70 million. As a group, analysts predict that Bridgewater Bancshares will post 1.13 earnings per share for the current fiscal year.

Insider Activity at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director James S. Johnson sold 12,590 shares of Bridgewater Bancshares stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total value of $146,295.80. Following the completion of the transaction, the director now owns 94,063 shares in the company, valued at approximately $1,093,012.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 15,687 shares of Bridgewater Bancshares stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.11, for a total value of $205,656.57. Following the completion of the transaction, the chief executive officer now owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James S. Johnson sold 12,590 shares of Bridgewater Bancshares stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.62, for a total value of $146,295.80. Following the completion of the transaction, the director now owns 94,063 shares of the company’s stock, valued at approximately $1,093,012.06. The disclosure for this sale can be found here. 23.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in BWB. FMR LLC raised its position in shares of Bridgewater Bancshares by 16.7% during the third quarter. FMR LLC now owns 1,647,159 shares of the company’s stock worth $15,615,000 after acquiring an additional 236,281 shares during the last quarter. Banc Funds Co. LLC increased its holdings in Bridgewater Bancshares by 196.3% in the fourth quarter. Banc Funds Co. LLC now owns 186,704 shares of the company’s stock valued at $2,524,000 after purchasing an additional 123,695 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Bridgewater Bancshares by 7.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 654,300 shares of the company’s stock valued at $6,203,000 after purchasing an additional 45,000 shares during the last quarter. Sippican Capital Advisors bought a new stake in Bridgewater Bancshares in the fourth quarter valued at about $543,000. Finally, Russell Investments Group Ltd. increased its holdings in Bridgewater Bancshares by 25.8% in the fourth quarter. Russell Investments Group Ltd. now owns 173,198 shares of the company’s stock valued at $2,342,000 after purchasing an additional 35,546 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Company 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.