Bridgewater Bancshares (NASDAQ:BWB) Sees Strong Trading Volume – Here’s What Happened

Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Free Report) saw unusually-strong trading volume on Friday . Approximately 221,525 shares were traded during mid-day trading, an increase of 183% from the previous session’s volume of 78,274 shares.The stock last traded at $19.8750 and had previously closed at $19.72.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BWB shares. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.67.

Get Our Latest Stock Analysis on BWB

Bridgewater Bancshares Stock Up 1.4%

The company has a market cap of $557.60 million, a P/E ratio of 11.30 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The firm’s 50 day moving average price is $18.69 and its 200-day moving average price is $18.39.

Bridgewater Bancshares (NASDAQ:BWBGet Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $38.96 million during the quarter, compared to the consensus estimate of $36.93 million. Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. As a group, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jeffrey D. Shellberg sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $18.55, for a total value of $371,000.00. Following the sale, the director directly owned 25,000 shares in the company, valued at $463,750. This trade represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary Jayne Crocker sold 6,525 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $18.50, for a total transaction of $120,712.50. Following the completion of the sale, the director owned 209,502 shares in the company, valued at $3,875,787. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,375 shares of company stock worth $1,161,104 over the last ninety days. Company insiders own 23.10% of the company’s stock.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds have recently modified their holdings of the company. Inspire Investing LLC raised its position in shares of Bridgewater Bancshares by 2.1% in the 4th quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock valued at $469,000 after acquiring an additional 544 shares during the period. Gator Capital Management LLC raised its position in shares of Bridgewater Bancshares by 0.7% in the 3rd quarter. Gator Capital Management LLC now owns 101,005 shares of the company’s stock valued at $1,778,000 after acquiring an additional 680 shares during the period. Villanova Investment Management Co LLC raised its position in shares of Bridgewater Bancshares by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after acquiring an additional 770 shares during the period. Ieq Capital LLC raised its position in shares of Bridgewater Bancshares by 6.2% in the 4th quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock valued at $230,000 after acquiring an additional 770 shares during the period. Finally, LPL Financial LLC raised its position in shares of Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after acquiring an additional 855 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Company Profile

(Get Free Report)

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.

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