Punch & Associates Investment Management Inc. Acquires Shares of 434,660 Bridgewater Bancshares, Inc. $BWB

Punch & Associates Investment Management Inc. acquired a new stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 434,660 shares of the company’s stock, valued at approximately $9,145,000. Punch & Associates Investment Management Inc. owned about 1.56% of Bridgewater Bancshares as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BWB. BlackRock Inc. bought a new stake in Bridgewater Bancshares in the 2nd quarter valued at $37,145,000. Alliancebernstein L.P. increased its holdings in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Bridgewater Bancshares in the second quarter valued at about $5,020,000. Hodges Capital Management Inc. bought a new position in shares of Bridgewater Bancshares in the fourth quarter valued at about $3,862,000. Finally, Algert Global LLC acquired a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth about $3,572,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on BWB shares. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Stephens upgraded shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Thursday, August 6th. Finally, Piper Sandler raised their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Bridgewater Bancshares Stock Up 0.2%

BWB opened at $21.16 on Thursday. Bridgewater Bancshares, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $22.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $589.94 million, a P/E ratio of 11.50 and a beta of 0.57. The stock has a fifty day moving average of $21.25 and a 200-day moving average of $19.48.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $41.43 million. On average, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Mary Jayne Crocker sold 11,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $21.04, for a total value of $231,440.00. Following the completion of the sale, the director owned 224,384 shares of the company’s stock, valued at $4,721,039.36. The trade was a 4.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Juran sold 25,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $21.74, for a total transaction of $543,500.00. Following the transaction, the director owned 81,301 shares in the company, valued at approximately $1,767,483.74. The trade was a 23.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 324,933 shares of company stock worth $6,884,845 over the last quarter. Company insiders own 23.10% of the company’s stock.

Bridgewater Bancshares 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.