Bridgewater Bancshares (NASDAQ:BWB) Reaches New 1-Year High – Should You Buy?

Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) hit a new 52-week high on Monday . The stock traded as high as $19.00 and last traded at $18.84, with a volume of 14367 shares traded. The stock had previously closed at $18.76.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BWB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Stephens initiated coverage on shares of Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price target on the stock. Zacks Research lowered shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, DA Davidson reissued a “buy” rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.33.

Bridgewater Bancshares Trading Up 0.4%

The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $519.30 million, a price-to-earnings ratio of 14.14 and a beta of 0.65. The firm’s 50-day moving average is $17.16 and its 200 day moving average is $16.46.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The firm had revenue of $26.75 million during the quarter. On average, equities analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director Jeffrey D. Shellberg sold 21,936 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $17.78, for a total value of $390,022.08. Following the sale, the director owned 277,924 shares in the company, valued at approximately $4,941,488.72. The trade was a 7.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David J. Volk acquired 16,530 shares of the stock in a transaction dated Friday, October 24th. The shares were bought at an average price of $17.44 per share, with a total value of $288,283.20. Following the completion of the transaction, the director directly owned 17,112 shares of the company’s stock, valued at $298,433.28. The trade was a 2,840.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 127,921 shares of company stock valued at $2,222,413 over the last 90 days. 23.27% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Several large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after purchasing an additional 1,046 shares in the last quarter. CWM LLC boosted its holdings in shares of Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock worth $39,000 after buying an additional 1,590 shares in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth approximately $113,000. AQR Capital Management LLC bought a new stake in shares of Bridgewater Bancshares in the 1st quarter valued at $178,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Bridgewater Bancshares during the 3rd quarter valued at $232,000. 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.