Bridgewater Bancshares, Inc. $BWB Shares Bought by Villanova Investment Management Co LLC

Villanova Investment Management Co LLC increased its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 22.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,653 shares of the company’s stock after acquiring an additional 33,943 shares during the period. Bridgewater Bancshares makes up 2.3% of Villanova Investment Management Co LLC’s portfolio, making the stock its 10th biggest position. Villanova Investment Management Co LLC owned approximately 0.68% of Bridgewater Bancshares worth $3,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BWB. BNP Paribas Financial Markets increased its stake in shares of Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after purchasing an additional 1,046 shares during the period. First Trust Advisors LP grew its holdings in Bridgewater Bancshares by 6.3% in the 2nd quarter. First Trust Advisors LP now owns 17,826 shares of the company’s stock worth $284,000 after buying an additional 1,050 shares in the last quarter. Bridgeway Capital Management LLC increased its position in Bridgewater Bancshares by 2.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 78,240 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,570 shares during the period. CWM LLC raised its stake in Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after acquiring an additional 1,590 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in Bridgewater Bancshares by 10.1% during the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock worth $266,000 after acquiring an additional 1,752 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director Jeffrey D. Shellberg sold 9,838 shares of Bridgewater Bancshares stock in a transaction on Friday, February 6th. The stock was sold at an average price of $18.89, for a total transaction of $185,839.82. Following the completion of the sale, the director owned 266,187 shares of the company’s stock, valued at approximately $5,028,272.43. This trade represents a 3.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph M. Chybowski sold 5,211 shares of Bridgewater Bancshares stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $18.05, for a total value of $94,058.55. Following the sale, the chief financial officer owned 105,349 shares of the company’s stock, valued at approximately $1,901,549.45. This represents a 4.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 89,982 shares of company stock valued at $1,649,309 in the last quarter. Corporate insiders own 23.27% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BWB. Piper Sandler reissued an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. DA Davidson set a $24.00 target price on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Stephens assumed coverage on shares of Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.33.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $19.33 on Monday. The company has a market cap of $533.12 million, a P/E ratio of 12.89 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $20.30. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The company’s fifty day moving average is $18.62 and its two-hundred day moving average is $17.48.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The firm had revenue of $38.84 million during the quarter, compared to analyst estimates of $36.10 million. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%. Equities analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.