Bridgewater Bancshares (NASDAQ:BWB) Director David Volk Purchases 16,530 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Volk bought 16,530 shares of the business’s stock in a transaction on Friday, October 24th. The shares were bought at an average price of $17.44 per share, for a total transaction of $288,283.20. Following the completion of the acquisition, the director owned 17,112 shares of the company’s stock, valued at approximately $298,433.28. This represents a 2,840.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Bridgewater Bancshares Trading Down 2.9%

Shares of NASDAQ:BWB opened at $16.62 on Wednesday. The company has a market cap of $456.72 million, a P/E ratio of 12.50 and a beta of 0.59. The stock’s 50-day moving average is $16.85 and its 200-day moving average is $15.87. Bridgewater Bancshares, Inc. has a 52-week low of $11.93 and a 52-week high of $18.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter. The company had revenue of $26.75 million for the quarter. Bridgewater Bancshares had a return on equity of 10.46% and a net margin of 14.52%. Equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BWB. Sippican Capital Advisors lifted its position in Bridgewater Bancshares by 6.4% in the first quarter. Sippican Capital Advisors now owns 96,210 shares of the company’s stock worth $1,336,000 after purchasing an additional 5,800 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Bridgewater Bancshares by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 57,814 shares of the company’s stock worth $803,000 after purchasing an additional 2,161 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Bridgewater Bancshares by 2.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company’s stock valued at $678,000 after purchasing an additional 1,099 shares in the last quarter. Nuveen LLC bought a new stake in shares of Bridgewater Bancshares in the 1st quarter valued at approximately $776,000. Finally, American Century Companies Inc. raised its holdings in shares of Bridgewater Bancshares by 24.4% in the 1st quarter. American Century Companies Inc. now owns 385,997 shares of the company’s stock worth $5,361,000 after buying an additional 75,730 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BWB. Piper Sandler raised their price target on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, October 8th. Zacks Research downgraded Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, DA Davidson reissued a “buy” rating and set a $21.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

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.