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

Bridgewater Bancshares (NASDAQ:BWB) had its price objective lowered by Piper Sandler from $18.00 to $17.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Separately, DA Davidson restated a “buy” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $14.12 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $387.31 million, a price-to-earnings ratio of 13.71 and a beta of 0.68. Bridgewater Bancshares has a 1 year low of $10.52 and a 1 year high of $16.00. The firm has a 50 day moving average price of $14.03 and a 200 day moving average price of $14.09.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data 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 return on equity of 8.85% and a net margin of 12.96%. Sell-side analysts predict that Bridgewater Bancshares will post 1.24 earnings per share for the current year.

Insider Activity

In related news, Director James S. Johnson sold 4,705 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.00, for a total transaction of $70,575.00. Following the sale, the director now directly owns 93,646 shares in the company, valued at approximately $1,404,690. This trade represents a 4.78 % decrease in their position. The sale 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 that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the transaction, the chief financial officer now directly owns 98,416 shares in the company, valued at $1,526,432.16. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,455 shares of company stock valued at $233,903. Company insiders own 23.21% of the company’s stock.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors have recently added to or reduced their stakes in the company. Foundry Partners LLC boosted its stake in shares of Bridgewater Bancshares by 111.7% during the 3rd quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock valued at $2,367,000 after buying an additional 88,110 shares during the last quarter. Stieven Capital Advisors L.P. raised its holdings in Bridgewater Bancshares by 56.1% in the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock valued at $3,242,000 after acquiring an additional 86,200 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Bridgewater Bancshares by 121.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock worth $992,000 after purchasing an additional 38,461 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after purchasing an additional 37,090 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Bridgewater Bancshares by 283.4% during the third quarter. Barclays PLC now owns 25,997 shares of the company’s stock worth $369,000 after purchasing an additional 19,217 shares during the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

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, 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.