Hillsdale Investment Management Inc. Boosts Stock Holdings in Bridgewater Bancshares, Inc. $BWB

Hillsdale Investment Management Inc. raised its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 39.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 212,860 shares of the company’s stock after acquiring an additional 60,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Bridgewater Bancshares were worth $3,731,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings 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 worth $38,000 after purchasing an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Bridgewater Bancshares by 253.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after purchasing an additional 2,762 shares in the last quarter. AQR Capital Management LLC purchased a new position in Bridgewater Bancshares during the first quarter valued at approximately $178,000. Brevan Howard Capital Management LP purchased a new position in Bridgewater Bancshares during the third quarter valued at approximately $232,000. Finally, Quantinno Capital Management LP purchased a new position in Bridgewater Bancshares during the second quarter valued at approximately $259,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BWB shares. DA Davidson reaffirmed a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $18.86 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30. The stock has a market cap of $525.82 million, a P/E ratio of 10.66 and a beta of 0.58. The company has a 50 day moving average of $18.32 and a 200 day moving average of $18.21.

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). Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%.The company had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. As a group, sell-side analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director Jeffrey D. Shellberg sold 20,000 shares of Bridgewater Bancshares stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $18.55, for a total transaction of $371,000.00. Following the completion of the sale, the director owned 25,000 shares of the company’s stock, valued at $463,750. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary Jayne Crocker sold 6,525 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.50, for a total value of $120,712.50. Following the transaction, the director directly owned 209,502 shares in the company, valued at approximately $3,875,787. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 50,687 shares of company stock valued at $938,046 in the last quarter. Corporate insiders own 23.10% of the company’s stock.

Bridgewater Bancshares 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.