Insider Buying: Bridgewater Bancshares (NASDAQ:BWB) Director Buys $235,186.20 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Volk bought 13,470 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were bought at an average price of $17.46 per share, for a total transaction of $235,186.20. Following the completion of the transaction, the director directly owned 30,582 shares in the company, valued at approximately $533,961.72. This represents a 78.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $16.60 on Friday. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $18.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25. The firm’s 50-day simple moving average is $16.88 and its 200 day simple moving average is $15.90. The firm has a market capitalization of $456.17 million, a PE ratio of 12.48 and a beta of 0.59.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 EPS for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.46%. The business had revenue of $26.75 million for the quarter. On average, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler boosted 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. Zacks Research lowered Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $21.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Bridgewater Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Bridgewater Bancshares by 78.1% in the 2nd 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 in the last quarter. CWM LLC lifted its holdings in Bridgewater Bancshares by 182.1% in the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after purchasing an additional 1,590 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in Bridgewater Bancshares in the 3rd quarter valued at about $113,000. AQR Capital Management LLC purchased a new position in Bridgewater Bancshares in the 1st quarter valued at about $178,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter worth about $259,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

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.