Bridgewater Bancshares (NASDAQ:BWB) Given Buy Rating at DA Davidson

Bridgewater Bancshares (NASDAQ:BWB)‘s stock had its “buy” rating reissued by analysts at DA Davidson in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $18.00 price objective on the stock. DA Davidson’s price target would indicate a potential upside of 25.05% from the stock’s current price.

Bridgewater Bancshares Stock Up 5.1 %

Shares of BWB stock traded up $0.69 during trading hours on Thursday, reaching $14.39. 15,672 shares of the company’s stock were exchanged, compared to its average volume of 57,384. The stock has a market cap of $394.83 million, a PE ratio of 13.71 and a beta of 0.68. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock’s fifty day moving average price is $14.06 and its two-hundred day moving average price is $14.08. Bridgewater Bancshares has a 1 year low of $10.52 and a 1 year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 13.54% and a return on equity of 9.02%. Research analysts predict that Bridgewater Bancshares will post 1 EPS for the current year.

Insider Activity at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the sale, the director now directly owns 100,780 shares of the company’s stock, valued at approximately $1,524,801.40. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph M. Chybowski sold 3,000 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the transaction, the chief financial officer now directly owns 98,416 shares of the company’s stock, valued at approximately $1,526,432.16. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,455 shares of company stock worth $233,903 over the last quarter. Insiders own 23.21% of the company’s stock.

Institutional Trading of Bridgewater Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth $35,000. BNP Paribas Financial Markets increased its stake in shares of Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Bridgewater Bancshares during the 3rd quarter worth about $100,000. D.A. Davidson & CO. purchased a new position in shares of Bridgewater Bancshares in the third quarter valued at approximately $183,000. Finally, Martingale Asset Management L P purchased a new position in Bridgewater Bancshares in the 3rd quarter valued at $185,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Company Profile

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.