Sippican Capital Advisors Has $1.55 Million Position in Bridgewater Bancshares, Inc. $BWB

Sippican Capital Advisors raised its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 97,610 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Sippican Capital Advisors’ holdings in Bridgewater Bancshares were worth $1,553,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of BWB. Strs Ohio acquired a new position in shares of Bridgewater Bancshares in the first quarter valued at about $496,000. Acadian Asset Management LLC grew its stake in shares of Bridgewater Bancshares by 2.7% in the first quarter. Acadian Asset Management LLC now owns 370,052 shares of the company’s stock valued at $5,138,000 after acquiring an additional 9,588 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Bridgewater Bancshares in the first quarter valued at about $357,000. Empowered Funds LLC grew its stake in shares of Bridgewater Bancshares by 10.1% in the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after acquiring an additional 1,752 shares in the last quarter. Finally, EJF Capital LLC grew its stake 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 valued at $2,863,000 after acquiring an additional 18,356 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on BWB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday. DA Davidson increased their target price on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Zacks Research cut shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Finally, Piper Sandler increased their target price on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock opened at $16.62 on Friday. The business has a 50 day moving average of $16.51 and a 200-day moving average of $15.52. Bridgewater Bancshares, Inc. has a 1 year low of $11.93 and a 1 year high of $18.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $456.72 million, a P/E ratio of 13.62 and a beta of 0.59.

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

Insider Buying and Selling

In other news, Director Thomas P. Trutna sold 6,152 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $16.40, for a total value of $100,892.80. Following the completion of the transaction, the director owned 94,496 shares of the company’s stock, valued at $1,549,734.40. This represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mary Jayne Crocker sold 9,314 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $16.05, for a total value of $149,489.70. Following the completion of the transaction, the executive vice president directly owned 192,339 shares of the company’s stock, valued at $3,087,040.95. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,298 shares of company stock valued at $1,508,238 over the last three months. Insiders own 23.27% of the company’s stock.

Bridgewater Bancshares 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.