Piper Sandler Issues Pessimistic Forecast for Bridgewater Bancshares (NASDAQ:BWB) Stock Price

Bridgewater Bancshares (NASDAQ:BWB) had its price target cut by investment analysts at Piper Sandler from $18.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price objective points to a potential upside of 19.76% from the company’s current price.

Separately, DA Davidson reiterated a “buy” rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research note on Thursday.

Bridgewater Bancshares Stock Down 0.2 %

Shares of BWB traded down $0.03 during midday trading on Friday, hitting $14.20. The company had a trading volume of 2,228 shares, compared to its average volume of 56,861. The company’s 50-day simple moving average is $14.05 and its 200-day simple moving average is $14.09. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. Bridgewater Bancshares has a 1 year low of $10.52 and a 1 year high of $16.00. The firm has a market capitalization of $389.37 million, a P/E ratio of 13.78 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (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%. As a group, sell-side analysts expect that Bridgewater Bancshares will post 1.24 EPS for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director James S. Johnson sold 4,705 shares of the stock in a transaction 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 completion of the sale, the director now directly owns 93,646 shares of the company’s stock, valued at $1,404,690. This trade represents a 4.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas P. Trutna sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction 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 trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,455 shares of company stock worth $233,903 over the last three months. Insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in BWB. Stieven Capital Advisors L.P. raised its position in shares of Bridgewater Bancshares by 56.1% during the 4th 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 during the last quarter. Empowered Funds LLC boosted its stake in shares of Bridgewater Bancshares by 5.4% during the 4th quarter. Empowered Funds LLC now owns 17,418 shares of the company’s stock worth $235,000 after purchasing an additional 895 shares during 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 worth $1,221,000 after acquiring an additional 4,900 shares during the period. SG Americas Securities LLC lifted its stake in shares of 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 purchasing an additional 1,248 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of 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 purchasing an additional 19,201 shares during the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

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.