Bridgewater Bancshares (NASDAQ:BWB) Lowered to Strong Sell at ValuEngine

Bridgewater Bancshares (NASDAQ:BWB) was downgraded by stock analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, ValuEngine reports.

Several other brokerages also recently issued reports on BWB. Zacks Investment Research downgraded shares of Bridgewater Bancshares from a “buy” rating to a “hold” rating in a research report on Tuesday, March 17th. B. Riley reissued a “buy” rating and set a $16.00 price target on shares of Bridgewater Bancshares in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $15.50.

NASDAQ:BWB traded up $0.18 during trading hours on Wednesday, hitting $9.05. The stock had a trading volume of 125,900 shares, compared to its average volume of 69,398. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.66. Bridgewater Bancshares has a 1-year low of $7.99 and a 1-year high of $13.90. The business has a 50 day simple moving average of $11.98 and a two-hundred day simple moving average of $12.52. The company has a market cap of $240.77 million, a PE ratio of 8.62 and a beta of 0.94.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Bridgewater Bancshares had a net margin of 29.18% and a return on equity of 13.34%. The company had revenue of $21.04 million during the quarter, compared to the consensus estimate of $20.06 million. Research analysts expect that Bridgewater Bancshares will post 1.08 EPS for the current fiscal year.

In related news, CEO Jerry J. Baack purchased 5,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average price of $10.07 per share, with a total value of $50,350.00. 18.54% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in Bridgewater Bancshares by 49.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,134,592 shares of the company’s stock worth $15,635,000 after purchasing an additional 374,281 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Bridgewater Bancshares by 52.1% during the fourth quarter. Renaissance Technologies LLC now owns 607,747 shares of the company’s stock worth $8,375,000 after purchasing an additional 208,161 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in Bridgewater Bancshares during the fourth quarter worth $1,811,000. Seizert Capital Partners LLC bought a new position in Bridgewater Bancshares during the fourth quarter worth $1,758,000. Finally, John W. Rosenthal Capital Management Inc. lifted its stake in Bridgewater Bancshares by 287.9% during the fourth quarter. John W. Rosenthal Capital Management Inc. now owns 135,364 shares of the company’s stock worth $1,865,000 after purchasing an additional 100,464 shares during the last quarter. 46.86% of the stock is owned by institutional investors and hedge funds.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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