Tectonic Advisors LLC Purchases New Shares in Bridgewater Bancshares, Inc. $BWB

Tectonic Advisors LLC purchased a new stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the 4th quarter, HoldingsChannel reports. The firm purchased 88,049 shares of the company’s stock, valued at approximately $1,543,000.

Several other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of Bridgewater Bancshares by 124.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock valued at $2,149,000 after buying an additional 67,676 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at $2,690,000. Daytona Street Capital LLC bought a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at $1,514,000. EJF Capital LLC boosted its holdings in shares of Bridgewater Bancshares by 20.2% during the 3rd quarter. EJF Capital LLC now owns 195,642 shares of the company’s stock valued at $3,443,000 after buying an additional 32,875 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of Bridgewater Bancshares by 180.0% during the 2nd quarter. Squarepoint Ops LLC now owns 50,396 shares of the company’s stock valued at $802,000 after buying an additional 32,398 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Price Performance

BWB opened at $18.86 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $524.69 million, a P/E ratio of 12.57 and a beta of 0.61. The company’s 50-day simple moving average is $18.34 and its two-hundred day simple moving average is $17.87. Bridgewater Bancshares, Inc. has a 52-week low of $12.35 and a 52-week high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $38.84 million for the quarter, compared to analysts’ expectations of $36.10 million. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 10.84%. As a group, analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. DA Davidson set a $24.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director James S. Johnson sold 4,712 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $19.71, for a total transaction of $92,873.52. Following the transaction, the director owned 95,348 shares in the company, valued at approximately $1,879,309.08. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey D. Shellberg sold 9,838 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $18.89, for a total transaction of $185,839.82. Following the transaction, the director owned 266,187 shares in the company, valued at $5,028,272.43. This represents a 3.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 27,550 shares of company stock worth $532,343. Company insiders own 23.10% 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.