DA Davidson reiterated their buy rating on shares of Bridgewater Bancshares (NASDAQ:BWB - Free Report) in a report published on Thursday morning,Benzinga reports. They currently have a $18.00 price target on the stock. DA Davidson also issued estimates for Bridgewater Bancshares' Q1 2025 earnings at $0.24 EPS.
Bridgewater Bancshares Price Performance
NASDAQ:BWB traded down $0.34 during mid-day trading on Thursday, hitting $13.78. 35,969 shares of the stock traded hands, compared to its average volume of 58,251. The business's 50-day moving average price is $14.03 and its 200 day moving average price is $14.10. The company has a market cap of $377.99 million, a PE ratio of 13.38 and a beta of 0.68. Bridgewater Bancshares has a 12-month low of $10.52 and a 12-month high of $16.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. On average, analysts expect that Bridgewater Bancshares will post 1.24 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Thomas P. Trutna sold 2,000 shares of the company's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total value of $30,260.00. Following the completion of the sale, the director now owns 100,780 shares of the company's stock, valued at approximately $1,524,801.40. This represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph M. Chybowski sold 3,000 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the sale, the chief financial officer now directly owns 98,416 shares of the company's stock, valued at $1,526,432.16. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,455 shares of company stock valued at $233,903 in the last quarter. Corporate insiders own 23.21% of the company's stock.
Institutional Investors Weigh In On Bridgewater Bancshares
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in Bridgewater Bancshares by 283.4% during the 3rd quarter. Barclays PLC now owns 25,997 shares of the company's stock valued at $369,000 after buying an additional 19,217 shares during the last quarter. State Street Corp raised its holdings in Bridgewater Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 449,345 shares of the company's stock valued at $6,367,000 after buying an additional 4,874 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Bridgewater Bancshares by 121.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company's stock valued at $992,000 after buying an additional 38,461 shares during the last quarter. Jane Street Group LLC raised its holdings in Bridgewater Bancshares by 11.4% during the 3rd quarter. Jane Street Group LLC now owns 23,696 shares of the company's stock valued at $336,000 after buying an additional 2,422 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Bridgewater Bancshares by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company's stock valued at $234,000 after buying an additional 804 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors.
About Bridgewater Bancshares
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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.
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