Bridgewater Bancshares (NASDAQ:BWB) Downgraded by ValuEngine to Strong Sell

ValuEngine downgraded shares of Bridgewater Bancshares (NASDAQ:BWB) from a sell rating to a strong sell rating in a report published on Thursday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Bridgewater Bancshares from a sell rating to a hold rating in a research report on Tuesday, October 29th. B. Riley upped their price objective on shares of Bridgewater Bancshares from $14.00 to $16.00 and gave the company a buy rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $15.00.

Bridgewater Bancshares stock traded down $0.33 during trading on Thursday, reaching $13.27. 37,000 shares of the company were exchanged, compared to its average volume of 49,800. Bridgewater Bancshares has a 52-week low of $10.15 and a 52-week high of $13.90. The company has a market capitalization of $377.03 million, a P/E ratio of 13.15 and a beta of 1.02. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $13.34 and its two-hundred day simple moving average is $12.30.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, January 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Bridgewater Bancshares had a return on equity of 13.33% and a net margin of 29.44%. The company had revenue of $21.04 million during the quarter, compared to analysts’ expectations of $20.06 million. As a group, equities analysts forecast that Bridgewater Bancshares will post 1.02 earnings per share for the current year.

In other Bridgewater Bancshares news, COO Mary Jayne Crocker sold 25,000 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $12.84, for a total transaction of $321,000.00. Company insiders own 17.31% of the company’s stock.

Several hedge funds have recently bought and sold shares of BWB. Meeder Asset Management Inc. acquired a new stake in shares of Bridgewater Bancshares in the third quarter valued at $32,000. Metropolitan Life Insurance Co NY increased its holdings in Bridgewater Bancshares by 18.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 8,382 shares of the company’s stock worth $100,000 after purchasing an additional 1,322 shares during the period. Russell Investments Group Ltd. purchased a new stake in Bridgewater Bancshares during the 3rd quarter worth about $114,000. Envestnet Asset Management Inc. purchased a new stake in Bridgewater Bancshares during the 3rd quarter worth about $124,000. Finally, Chicago Equity Partners LLC acquired a new stake in Bridgewater Bancshares in the 3rd quarter valued at about $159,000. Hedge funds and other institutional investors own 44.64% 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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

Further Reading: Asset Allocation, Balancing Your Investments

To view ValuEngine’s full report, visit ValuEngine’s official website.

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