Bridgewater Bancshares (NASDAQ:BWB) Sees Unusually-High Trading Volume – Still a Buy?

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw an uptick in trading volume on Wednesday . 107,138 shares were traded during trading, an increase of 20% from the previous session’s volume of 89,375 shares.The stock last traded at $20.6920 and had previously closed at $20.44.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BWB shares. DA Davidson restated a “buy” rating and issued a $22.00 target price 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 Thursday, June 18th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Bridgewater Bancshares presently has an average rating of “Moderate Buy” and an average price target of $21.67.

Bridgewater Bancshares Trading Up 1.2%

The business has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $18.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The stock has a market cap of $576.84 million, a price-to-earnings ratio of 11.69 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Insider Transactions at Bridgewater Bancshares

In other news, COO Lisa M. Salazar sold 4,162 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $669,228.35. The trade was a 10.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey D. Shellberg sold 20,000 shares of the 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 transaction, the director directly owned 25,000 shares in the company, valued at $463,750. The trade was a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,375 shares of company stock valued at $1,161,104 over the last ninety days. 23.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Bridgewater Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in Bridgewater Bancshares during the 1st quarter worth approximately $178,000. Empowered Funds LLC raised its position in shares of Bridgewater Bancshares by 10.1% during the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after acquiring an additional 1,752 shares in the last quarter. Jane Street Group LLC bought a new position in Bridgewater Bancshares during the first quarter worth $357,000. Rhumbline Advisers boosted its holdings in Bridgewater Bancshares by 21.3% in the second quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock worth $563,000 after purchasing an additional 6,230 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Bridgewater Bancshares by 87.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock worth $3,461,000 after purchasing an additional 101,628 shares during the period. 65.83% of the stock is owned by institutional investors.

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.