Bridgewater Bancshares (NASDAQ:BWB) Releases Earnings Results, Beats Expectations By $0.02 EPS

Bridgewater Bancshares (NASDAQ:BWB) posted its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02, Zacks reports. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%.

Bridgewater Bancshares Stock Up 0.5%

Shares of Bridgewater Bancshares stock traded up $0.10 during trading hours on Tuesday, hitting $18.46. The company had a trading volume of 72,389 shares, compared to its average volume of 84,217. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The company’s 50-day moving average is $17.93 and its two-hundred day moving average is $17.03. The company has a market cap of $509.13 million, a P/E ratio of 13.88 and a beta of 0.64. Bridgewater Bancshares has a twelve month low of $11.93 and a twelve month high of $19.40.

Insider Transactions at Bridgewater Bancshares

In related news, COO Lisa M. Salazar sold 2,175 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $16.72, for a total value of $36,366.00. Following the completion of the sale, the chief operating officer directly owned 32,091 shares of the company’s stock, valued at $536,561.52. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the chief financial officer owned 105,349 shares in the company, valued at $1,901,549.45. This represents a 4.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 118,482 shares of company stock valued at $2,061,855 over the last quarter. 23.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after acquiring an additional 1,046 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Bridgewater Bancshares during the 1st quarter worth $178,000. Brevan Howard Capital Management LP purchased a new position in Bridgewater Bancshares during the 3rd quarter worth $232,000. Quantinno Capital Management LP acquired a new position in Bridgewater Bancshares in the second quarter valued at $259,000. Finally, Empowered Funds LLC raised its holdings in shares of Bridgewater Bancshares by 10.1% in the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after buying an additional 1,752 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BWB. Stephens started coverage on Bridgewater Bancshares in a report on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 price target on the stock. DA Davidson reissued a “buy” rating and set a $21.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.33.

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.