Empowered Funds LLC Makes New Investment in Bridgewater Bancshares, Inc. $BWB

Empowered Funds LLC bought a new stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 99,128 shares of the company’s stock, valued at approximately $2,086,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Bridgewater Bancshares in the second quarter worth about $32,000. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after buying an additional 1,046 shares during the last quarter. Legal & General Group Plc bought a new position in Bridgewater Bancshares during the second quarter valued at approximately $45,000. AQR Capital Management LLC purchased a new position in Bridgewater Bancshares during the 1st quarter valued at approximately $178,000. Finally, LPL Financial LLC grew its holdings in Bridgewater Bancshares by 7.8% during the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors.

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock opened at $21.54 on Friday. The stock has a market cap of $600.54 million, a price-to-earnings ratio of 11.71 and a beta of 0.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average price of $21.38 and a 200-day moving average price of $19.55. Bridgewater Bancshares, Inc. has a one year low of $15.91 and a one year high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. Equities analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BWB shares. Stephens raised Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Thursday, August 6th. Piper Sandler raised their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Bridgewater Bancshares currently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Insider Activity

In other news, Director David B. Juran sold 25,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $21.74, for a total value of $543,500.00. Following the completion of the sale, the director owned 81,301 shares in the company, valued at approximately $1,767,483.74. This trade represents a 23.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Crocker sold 11,000 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $21.04, for a total transaction of $231,440.00. Following the transaction, the director directly owned 224,384 shares of the company’s stock, valued at approximately $4,721,039.36. This represents a 4.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 315,326 shares of company stock valued at $6,706,566 over the last ninety days. 23.10% of the stock is owned by corporate insiders.

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.