Bridgewater Bancshares (NASDAQ:BWB) Sees Large Volume Increase – Time to Buy?

Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw strong trading volume on Wednesday . Approximately 107,138 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 89,375 shares.The stock last traded at $20.6920 and had previously closed at $20.44.

Analyst Ratings Changes

A number of research analysts recently commented on BWB shares. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. DA Davidson restated a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Bridgewater Bancshares Stock Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average price is $18.95 and its 200-day moving average price is $18.55. The company has a market cap of $574.61 million, a P/E ratio of 11.64 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $38.96 million for the quarter, compared to the consensus estimate of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. Equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Insider Activity at Bridgewater Bancshares

In other news, COO Lisa M. Salazar sold 4,162 shares of Bridgewater Bancshares stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $18.55, for a total value of $77,205.10. Following the completion of the sale, the chief operating officer directly owned 36,077 shares in the company, valued at approximately $669,228.35. The trade was a 10.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey D. Shellberg sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $18.55, for a total value of $371,000.00. Following the transaction, the director owned 25,000 shares in the company, valued at approximately $463,750. This trade represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 62,375 shares of company stock valued at $1,161,104. 23.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its stake in Bridgewater Bancshares by 181.8% during the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after buying an additional 827,141 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in shares of Bridgewater Bancshares during the 4th quarter worth approximately $3,862,000. Ancora Advisors LLC acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth approximately $3,426,000. Curi Capital LLC bought a new position in Bridgewater Bancshares in the second quarter valued at approximately $2,029,000. Finally, Mendon Capital Advisors Corp bought a new position in Bridgewater Bancshares in the second quarter valued at approximately $2,029,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

About Bridgewater Bancshares

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.