BidaskClub Upgrades Bridgewater Bancshares (NASDAQ:BWB) to “Hold”

Bridgewater Bancshares (NASDAQ:BWB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.

Separately, Zacks Investment Research downgraded shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, September 7th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. Bridgewater Bancshares presently has a consensus rating of “Hold” and a consensus price target of $12.00.

NASDAQ BWB opened at $9.71 on Tuesday. Bridgewater Bancshares has a 1-year low of $7.99 and a 1-year high of $13.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $280.07 million, a PE ratio of 9.07 and a beta of 0.91. The firm’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $9.84.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Bridgewater Bancshares had a net margin of 27.23% and a return on equity of 12.74%. The business had revenue of $23.32 million for the quarter, compared to the consensus estimate of $21.58 million. As a group, analysts predict that Bridgewater Bancshares will post 1.03 EPS for the current year.

In other Bridgewater Bancshares news, Director David B. Juran acquired 4,608 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was purchased at an average cost of $9.68 per share, for a total transaction of $44,605.44. Following the completion of the acquisition, the director now owns 1,251,763 shares of the company’s stock, valued at approximately $12,117,065.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Juran acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was acquired at an average price of $9.67 per share, with a total value of $96,700.00. Following the completion of the acquisition, the director now directly owns 1,282,371 shares of the company’s stock, valued at approximately $12,400,527.57. The disclosure for this purchase can be found here. Insiders purchased 93,651 shares of company stock valued at $890,064 over the last quarter. 18.54% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Patriot Financial Partners GP LP bought a new stake in Bridgewater Bancshares during the second quarter valued at about $103,000. BNP Paribas Arbitrage SA boosted its holdings in Bridgewater Bancshares by 27.3% during the first quarter. BNP Paribas Arbitrage SA now owns 6,987 shares of the company’s stock valued at $68,000 after acquiring an additional 1,498 shares during the period. Alliancebernstein L.P. boosted its holdings in Bridgewater Bancshares by 2.5% during the first quarter. Alliancebernstein L.P. now owns 483,442 shares of the company’s stock valued at $4,714,000 after acquiring an additional 11,800 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Bridgewater Bancshares by 22.1% in the second quarter. Assenagon Asset Management S.A. now owns 58,227 shares of the company’s stock valued at $597,000 after buying an additional 10,555 shares during the period. Finally, AJO LP bought a new stake in shares of Bridgewater Bancshares in the first quarter valued at about $665,000. Institutional investors own 48.54% of the company’s stock.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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