Bridgewater Bancshares (NASDAQ:BWB) Price Target Cut to $17.00 by Analysts at Piper Sandler

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) had its price target lowered by analysts at Piper Sandler from $18.00 to $17.00 in a research note issued on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Piper Sandler's target price would suggest a potential upside of 19.30% from the company's previous close.

Separately, DA Davidson reissued a "buy" rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research note on Thursday, January 30th.

Bridgewater Bancshares Stock Performance

NASDAQ BWB traded up $0.47 during trading hours on Friday, hitting $14.25. 37,304 shares of the company's stock traded hands, compared to its average volume of 57,115. Bridgewater Bancshares has a 52 week low of $10.52 and a 52 week high of $16.00. The firm has a market capitalization of $390.88 million, a P/E ratio of 13.84 and a beta of 0.68. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The business's fifty day moving average price is $14.00 and its two-hundred day moving average price is $14.10.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. Equities research analysts predict that Bridgewater Bancshares will post 1.24 EPS for the current year.

Insider Transactions at Bridgewater Bancshares

In other news, Director James S. Johnson sold 4,705 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.00, for a total transaction of $70,575.00. Following the transaction, the director now owns 93,646 shares of the company's stock, valued at approximately $1,404,690. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Joseph M. Chybowski sold 3,000 shares of the business's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the transaction, the chief financial officer now owns 98,416 shares of the company's stock, valued at approximately $1,526,432.16. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,455 shares of company stock worth $233,903. 23.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock valued at $63,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Bridgewater Bancshares by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company's stock worth $234,000 after purchasing an additional 804 shares in the last quarter. SG Americas Securities LLC grew its stake in Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock worth $112,000 after buying an additional 1,248 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Bridgewater Bancshares by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company's stock valued at $3,866,000 after buying an additional 2,170 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Bridgewater Bancshares by 11.4% in the third 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. Hedge funds and other institutional investors own 65.83% of the company's stock.

Bridgewater Bancshares Company 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.