Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $20.31 and last traded at $20.2850, with a volume of 102101 shares. The stock had previously closed at $19.93.
Wall Street Analyst Weigh In
A number of 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 report on Thursday, June 18th. DA Davidson reiterated a “buy” rating and issued a $22.00 price objective 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.
View Our Latest Stock Report on BWB
Bridgewater Bancshares Trading Up 0.4%
Bridgewater Bancshares (NASDAQ:BWB – Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. On average, equities research analysts predict 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, COO Lisa M. Salazar sold 4,162 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $18.55, for a total transaction of $77,205.10. Following the transaction, the chief operating officer directly owned 36,077 shares in the company, valued at $669,228.35. This trade represents a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Jayne Crocker sold 6,525 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $18.50, for a total value of $120,712.50. Following the completion of the sale, the director directly owned 209,502 shares of the company’s stock, valued at $3,875,787. This represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,375 shares of company stock worth $1,161,104 in the last ninety days. Company insiders own 23.10% of the company’s stock.
Institutional Investors Weigh In On Bridgewater Bancshares
Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in shares of Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after purchasing an additional 1,046 shares during the period. State of Alaska Department of Revenue grew its stake in Bridgewater Bancshares by 253.6% in the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares during the last quarter. AQR Capital Management LLC acquired a new position in Bridgewater Bancshares in the 1st quarter valued at $178,000. LPL Financial LLC raised its holdings in Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after acquiring an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Bridgewater Bancshares by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock worth $218,000 after acquiring an additional 1,535 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.
Bridgewater Bancshares Company 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.
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