Bridgewater Bancshares’ (BWB) “Buy” Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Bridgewater Bancshares (NASDAQ:BWB) in a report published on Thursday morning,Benzinga reports. The brokerage currently has 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

Shares of NASDAQ:BWB opened at $14.22 on Thursday. The business has a fifty day simple moving average of $14.05 and a 200-day simple moving average of $14.09. Bridgewater Bancshares has a 52 week low of $10.52 and a 52 week high of $16.00. The company has a market cap of $390.05 million, a P/E ratio of 13.81 and a beta of 0.68. 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) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, beating 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 forecast that Bridgewater Bancshares will post 1.24 EPS for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In other news, Director Thomas P. Trutna sold 2,000 shares of the 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 $1,524,801.40. This represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Douglas J. Parish sold 5,750 shares of Bridgewater Bancshares stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total transaction of $86,537.50. Following the transaction, the director now owns 1,636 shares in the company, valued at $24,621.80. The trade was a 77.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,455 shares of company stock worth $233,903 in the last quarter. 23.21% of the stock is owned by insiders.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of BWB. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bridgewater Bancshares during the second quarter worth approximately $35,000. BNP Paribas Financial Markets raised its stake in shares of Bridgewater Bancshares by 18.0% in the 3rd 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. SG Americas Securities LLC bought a new position in shares of Bridgewater Bancshares during the third quarter worth about $100,000. D.A. Davidson & CO. bought a new stake in Bridgewater Bancshares in the third quarter valued at about $183,000. Finally, Martingale Asset Management L P acquired a new stake in Bridgewater Bancshares during the third quarter valued at approximately $185,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.