Sippican Capital Advisors Buys 1,400 Shares of Bridgewater Bancshares, Inc. $BWB

Sippican Capital Advisors raised its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,610 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Sippican Capital Advisors owned about 0.36% of Bridgewater Bancshares worth $1,553,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Bridgewater Bancshares by 1,665.1% in the first quarter. GAMMA Investing LLC now owns 20,210 shares of the company’s stock valued at $281,000 after buying an additional 19,065 shares in the last quarter. Nuveen LLC bought a new position in Bridgewater Bancshares in the first quarter valued at approximately $776,000. American Century Companies Inc. raised its holdings in shares of Bridgewater Bancshares by 24.4% in the first quarter. American Century Companies Inc. now owns 385,997 shares of the company’s stock valued at $5,361,000 after purchasing an additional 75,730 shares during the last quarter. EJF Capital LLC lifted its position in shares of Bridgewater Bancshares by 9.8% in the first quarter. EJF Capital LLC now owns 206,107 shares of the company’s stock worth $2,863,000 after purchasing an additional 18,356 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Bridgewater Bancshares in the first quarter worth $496,000. Institutional investors own 65.83% of the company’s stock.

Insider Buying and Selling at Bridgewater Bancshares

In related news, EVP Jeffrey D. Shellberg sold 32,273 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $16.03, for a total transaction of $517,336.19. Following the transaction, the executive vice president directly owned 325,117 shares in the company, valued at approximately $5,211,625.51. The trade was a 9.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mary Jayne Crocker sold 9,314 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $16.05, for a total transaction of $149,489.70. Following the transaction, the executive vice president owned 192,339 shares in the company, valued at approximately $3,087,040.95. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,298 shares of company stock valued at $1,508,238 in the last 90 days. Company insiders own 23.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. DA Davidson boosted their price objective on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Zacks Research lowered shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Bridgewater Bancshares presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Bridgewater Bancshares Price Performance

Shares of BWB opened at $16.62 on Friday. The company has a market cap of $456.72 million, a price-to-earnings ratio of 13.62 and a beta of 0.59. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $18.01. The company’s fifty day simple moving average is $16.51 and its 200 day simple moving average is $15.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.25.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $26.75 million for the quarter. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. On average, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

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.