Bridgewater Bancshares (NASDAQ:BWB) Hits New 1-Year High – What’s Next?

Bridgewater Bancshares, Inc. (NASDAQ:BWB)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $19.00 and last traded at $18.84, with a volume of 14367 shares changing hands. The stock had previously closed at $18.76.

Wall Street Analysts Forecast Growth

BWB has been the subject of several recent research reports. Stephens assumed coverage on Bridgewater Bancshares in a research report on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Zacks Research lowered shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, DA Davidson restated a “buy” rating and set a $21.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.33.

Bridgewater Bancshares Trading Down 0.2%

The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a fifty day moving average price of $17.21 and a 200 day moving average price of $16.51. The company has a market cap of $511.75 million, a price-to-earnings ratio of 13.95 and a beta of 0.65.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $26.75 million for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. As a group, equities analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Joseph M. Chybowski sold 5,211 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $18.05, for a total value of $94,058.55. Following the completion of the sale, the chief financial officer directly owned 105,349 shares of the company’s stock, valued at $1,901,549.45. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Lisa M. Salazar sold 2,175 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $16.72, for a total value of $36,366.00. Following the transaction, the chief operating officer directly owned 32,091 shares in the company, valued at $536,561.52. The trade was a 6.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 127,921 shares of company stock worth $2,222,413 in the last three months. Insiders own 23.27% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWB. Alliancebernstein L.P. lifted its holdings in shares of Bridgewater Bancshares by 181.8% during the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after buying an additional 827,141 shares in the last quarter. Vanguard Group Inc. increased its position in Bridgewater Bancshares by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after acquiring an additional 25,566 shares during the period. Dimensional Fund Advisors LP increased its position in Bridgewater Bancshares by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 993,523 shares of the company’s stock worth $17,485,000 after acquiring an additional 21,969 shares during the period. Geode Capital Management LLC raised its stake in Bridgewater Bancshares by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 466,941 shares of the company’s stock worth $7,431,000 after purchasing an additional 16,578 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in Bridgewater Bancshares by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after purchasing an additional 53,258 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

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.