Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Rating) – Research analysts at B. Riley lowered their Q4 2022 earnings estimates for Bridgewater Bancshares in a report released on Tuesday, August 2nd. B. Riley analyst S. Moss now forecasts that the company will post earnings per share of $0.44 for the quarter, down from their previous estimate of $0.45. The consensus estimate for Bridgewater Bancshares’ current full-year earnings is $1.72 per share. B. Riley also issued estimates for Bridgewater Bancshares’ Q3 2023 earnings at $0.39 EPS.
Bridgewater Bancshares Trading Up 0.6 %
NASDAQ BWB opened at $17.14 on Thursday. The company’s fifty day simple moving average is $16.34 and its 200-day simple moving average is $16.64. Bridgewater Bancshares has a 52 week low of $14.97 and a 52 week high of $20.05. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The stock has a market cap of $479.49 million, a P/E ratio of 10.78 and a beta of 0.68.
Institutional Trading of Bridgewater Bancshares
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its stake in shares of Bridgewater Bancshares by 6.9% in the fourth quarter. First Trust Advisors LP now owns 13,025 shares of the company’s stock worth $230,000 after buying an additional 837 shares during the last quarter. Elgethun Capital Management increased its stake in shares of Bridgewater Bancshares by 0.5% in the first quarter. Elgethun Capital Management now owns 186,246 shares of the company’s stock worth $3,107,000 after buying an additional 1,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Bridgewater Bancshares by 1.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 56,610 shares of the company’s stock worth $945,000 after buying an additional 1,025 shares during the last quarter. US Bancorp DE increased its stake in shares of Bridgewater Bancshares by 82.5% in the second quarter. US Bancorp DE now owns 2,442 shares of the company’s stock worth $39,000 after buying an additional 1,104 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Bridgewater Bancshares by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 362,233 shares of the company’s stock worth $6,407,000 after buying an additional 2,595 shares during the last quarter. Institutional investors own 48.68% of the company’s stock.
Insider Transactions at Bridgewater Bancshares
In other news, CEO Jerry J. Baack sold 4,166 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $16.64, for a total transaction of $69,322.24. Following the transaction, the chief executive officer now directly owns 1,194,642 shares of the company’s stock, valued at $19,878,842.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 21.97% 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, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.
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