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

DA Davidson restated their buy rating on shares of Bridgewater Bancshares (NASDAQ:BWB) in a research report released on Thursday,Benzinga reports. DA Davidson 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 Trading Up 3.8 %

NASDAQ BWB opened at $14.22 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. Bridgewater Bancshares has a 12 month low of $10.52 and a 12 month high of $16.00. The company has a market capitalization of $390.05 million, a price-to-earnings ratio of 13.81 and a beta of 0.68. The firm’s fifty day moving average price is $14.05 and its 200 day moving average price is $14.09.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. On average, sell-side analysts expect that Bridgewater Bancshares will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director Douglas J. Parish sold 5,750 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.05, for a total transaction of $86,537.50. Following the completion of the sale, the director now directly owns 1,636 shares of the company’s stock, valued at approximately $24,621.80. This trade represents a 77.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $70,575.00. Following the sale, the director now owns 93,646 shares of the company’s stock, valued at $1,404,690. This trade represents a 4.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,455 shares of company stock worth $233,903 in the last 90 days. Company insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of large investors have recently made changes to their positions in the stock. Stieven Capital Advisors L.P. boosted its position in Bridgewater Bancshares by 56.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock worth $3,242,000 after purchasing an additional 86,200 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Bridgewater Bancshares by 5.4% in the 4th quarter. Empowered Funds LLC now owns 17,418 shares of the company’s stock worth $235,000 after buying an additional 895 shares in the last quarter. Sippican Capital Advisors grew its stake in Bridgewater Bancshares by 5.7% in the 4th quarter. Sippican Capital Advisors now owns 90,410 shares of the company’s stock valued at $1,221,000 after acquiring an additional 4,900 shares during the last quarter. SG Americas Securities LLC increased its holdings in Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after acquiring an additional 1,248 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Bridgewater Bancshares by 169.0% during the third quarter. JPMorgan Chase & Co. now owns 30,562 shares of the company’s stock worth $433,000 after acquiring an additional 19,201 shares during the last quarter. Hedge funds and other institutional investors own 65.83% 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, 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.