Bridgewater Bancshares (NASDAQ:BWB) Price Target Lowered to $17.00 at Piper Sandler

Bridgewater Bancshares (NASDAQ:BWB) had its target price decreased by Piper Sandler from $18.00 to $17.00 in a report issued on Friday morning,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Separately, DA Davidson reissued a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a report on Thursday.

Bridgewater Bancshares Stock Down 0.7 %

BWB opened at $14.12 on Friday. The business has a 50 day moving average price of $14.03 and a two-hundred day moving average price of $14.09. Bridgewater Bancshares has a 52 week low of $10.52 and a 52 week high of $16.00. The company has a market cap of $387.31 million, a PE ratio of 13.71 and a beta of 0.68. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, beating 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, research analysts anticipate that Bridgewater Bancshares will post 1.24 EPS for the current year.

Insider Activity

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,000 shares of Bridgewater Bancshares stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $15.13, for a total transaction of $30,260.00. Following the completion of the transaction, the director now owns 100,780 shares in the company, valued at approximately $1,524,801.40. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the sale, the chief financial officer now owns 98,416 shares in the company, valued at $1,526,432.16. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,455 shares of company stock worth $233,903. Company insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors have recently made changes to their positions in the stock. Stieven Capital Advisors L.P. increased its position in 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 in 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 holdings in shares of Bridgewater Bancshares by 5.7% during the fourth quarter. Sippican Capital Advisors now owns 90,410 shares of the company’s stock worth $1,221,000 after buying an additional 4,900 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after buying an additional 1,248 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $433,000 after buying an additional 19,201 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

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.