Bridgewater Bancshares (NASDAQ:BWB) Hits New 1-Year High – Should You Buy?

Bridgewater Bancshares, Inc. (NASDAQ:BWB)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.37 and last traded at $19.3550, with a volume of 24118 shares changing hands. The stock had previously closed at $18.99.

Wall Street Analyst Weigh In

BWB has been the topic of a number of recent analyst reports. Stephens started coverage on Bridgewater Bancshares in a research report on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price objective on the stock. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price target on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bridgewater Bancshares currently has a consensus rating of “Hold” and a consensus target price of $20.33.

Bridgewater Bancshares Stock Performance

The firm has a market cap of $530.92 million, a P/E ratio of 14.47 and a beta of 0.64. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The business has a fifty day simple moving average of $17.82 and a 200-day simple moving average of $16.99.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, October 21st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%.The business had revenue of $36.09 million during the quarter, compared to analysts’ expectations of $34.20 million. On average, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling at Bridgewater Bancshares

In related news, EVP Mary Jayne Crocker sold 8,957 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $16.75, for a total transaction of $150,029.75. Following the completion of the sale, the executive vice president owned 203,105 shares of the company’s stock, valued at $3,402,008.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David J. Volk acquired 16,530 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was acquired at an average cost of $17.44 per share, for a total transaction of $288,283.20. Following the completion of the transaction, the director directly owned 17,112 shares in the company, valued at $298,433.28. This represents a 2,840.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 127,921 shares of company stock valued at $2,222,413 over the last ninety days. Company insiders own 23.27% of the company’s stock.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors 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 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after buying an additional 827,141 shares during the period. Vanguard Group Inc. lifted its holdings in Bridgewater Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after acquiring an additional 25,566 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bridgewater Bancshares by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 993,523 shares of the company’s stock valued at $17,485,000 after acquiring an additional 21,969 shares during the period. Geode Capital Management LLC boosted its position in Bridgewater Bancshares by 3.7% in the second 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 during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Bridgewater Bancshares by 13.8% during 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. Institutional investors own 65.83% of the company’s stock.

About Bridgewater Bancshares

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.