Bridgewater Bancshares (NASDAQ:BWB) Reaches New 12-Month High – Still a Buy?

Bridgewater Bancshares, Inc. (NASDAQ:BWB)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $22.06 and last traded at $21.8990, with a volume of 267 shares traded. The stock had previously closed at $21.81.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BWB. DA Davidson reaffirmed a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Bridgewater Bancshares Stock Down 1.9%

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $19.88 and a 200-day simple moving average of $18.89. The company has a market cap of $615.03 million, a PE ratio of 12.46 and a beta of 0.57.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.87 EPS for the current year.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director Jeffrey D. Shellberg sold 20,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $18.55, for a total transaction of $371,000.00. Following the completion of the transaction, the director directly owned 25,000 shares in the company, valued at approximately $463,750. This represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph M. Chybowski sold 7,000 shares of Bridgewater Bancshares stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $18.96, for a total transaction of $132,720.00. Following the completion of the sale, the chief financial officer owned 118,501 shares in the company, valued at approximately $2,246,778.96. This trade represents a 5.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,375 shares of company stock worth $1,161,104 in the last 90 days. 23.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors have recently bought and sold shares of the company. Inspire Investing LLC boosted its position in shares of Bridgewater Bancshares by 2.1% during the 4th quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock valued at $469,000 after acquiring an additional 544 shares during the last quarter. Ieq Capital LLC raised its stake in Bridgewater Bancshares by 6.2% during the fourth quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock worth $230,000 after purchasing an additional 770 shares during the period. Villanova Investment Management Co LLC boosted its holdings in Bridgewater Bancshares by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after purchasing an additional 770 shares during the last quarter. LPL Financial LLC grew its stake in shares of Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares during the period. Finally, Maltese Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 0.6% during the 4th quarter. Maltese Capital Management LLC now owns 176,000 shares of the company’s stock worth $3,085,000 after buying an additional 1,000 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Company Profile

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.