220,290 Shares in Bridgewater Bancshares, Inc. $BWB Acquired by Hodges Capital Management Inc.

Hodges Capital Management Inc. purchased a new position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 220,290 shares of the company’s stock, valued at approximately $3,862,000.

Several other hedge funds have also made changes to their positions in BWB. Alliancebernstein L.P. lifted its holdings in shares of Bridgewater Bancshares by 181.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after purchasing an additional 827,141 shares during the last quarter. Ancora Advisors LLC bought a new stake in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $3,426,000. Hillsdale Investment Management Inc. bought a new stake in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $2,690,000. Curi Capital LLC bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $2,029,000. Finally, Mendon Capital Advisors Corp bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $2,029,000. Institutional investors own 65.83% of the company’s stock.

Insider Transactions at Bridgewater Bancshares

In related news, insider Nicholas L. Place sold 4,688 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $19.27, for a total value of $90,337.76. Following the sale, the insider directly owned 139,622 shares in the company, valued at $2,690,515.94. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Lisa M. Salazar sold 4,162 shares of the firm’s 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 owned 36,077 shares in the company, valued at approximately $669,228.35. This represents a 10.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,375 shares of company stock worth $1,161,104 over the last quarter. Insiders own 23.10% of the company’s stock.

Bridgewater Bancshares Stock Up 0.3%

BWB opened at $19.63 on Thursday. Bridgewater Bancshares, Inc. has a 12 month low of $14.79 and a 12 month high of $20.30. 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 has a market cap of $547.28 million, a P/E ratio of 11.09 and a beta of 0.58. The stock’s 50 day moving average price is $18.60 and its 200 day moving average price is $18.36.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. DA Davidson reissued a “buy” rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

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.