Bridgewater Bancshares (NASDAQ:BWB) Raised to “Overweight” at Stephens

Bridgewater Bancshares (NASDAQ:BWB) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research note issued on Thursday, Marketbeat.com reports. The firm presently has a $25.00 price target on the stock. Stephens’ price target indicates a potential upside of 18.65% from the stock’s current price.

BWB has been the topic of several other reports. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. DA Davidson reissued a “buy” rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Finally, Piper Sandler upped their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock opened at $21.07 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The stock’s fifty day moving average price is $20.52 and its 200-day moving average price is $19.18. The firm has a market cap of $587.49 million, a P/E ratio of 11.45 and a beta of 0.57. Bridgewater Bancshares has a 12 month low of $15.15 and a 12 month high of $22.59.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The company had revenue of $40.89 million during the quarter, compared to analyst estimates of $41.43 million. On average, equities research analysts expect that Bridgewater Bancshares will post 1.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 11,334 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $20.91, for a total value of $236,993.94. Following the completion of the sale, the chief executive officer owned 1,158,769 shares of the company’s stock, valued at approximately $24,229,859.79. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Jayne Crocker sold 11,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $21.04, for a total value of $231,440.00. Following the sale, the director owned 224,384 shares in the company, valued at $4,721,039.36. The trade was a 4.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 240,620 shares of company stock valued at $4,957,763 in the last 90 days. 23.10% of the stock is owned by insiders.

Institutional Trading of Bridgewater Bancshares

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in Bridgewater Bancshares by 78.1% during 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. State of Alaska Department of Revenue grew its holdings in shares of Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Bridgewater Bancshares in the 1st quarter valued at $178,000. LPL Financial LLC increased its position 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 acquiring an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Bridgewater Bancshares by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock worth $218,000 after acquiring an additional 1,535 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.