Bridgewater Bancshares (NASDAQ:BWB) Cut to “Sell” at BidaskClub

BidaskClub downgraded shares of Bridgewater Bancshares (NASDAQ:BWB) from a hold rating to a sell rating in a report issued on Thursday, BidAskClub reports.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Bridgewater Bancshares from a sell rating to a hold rating in a report on Thursday, April 16th. TheStreet cut shares of Bridgewater Bancshares from a c- rating to a d+ rating in a research note on Tuesday, April 14th. ValuEngine upgraded shares of Bridgewater Bancshares from a strong sell rating to a sell rating in a research report on Thursday, April 2nd. Finally, B. Riley lowered their price objective on Bridgewater Bancshares from $16.00 to $13.00 and set a buy rating on the stock in a research report on Monday, April 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $14.00.

Shares of BWB stock opened at $9.04 on Thursday. The stock has a market capitalization of $255.83 million, a price-to-earnings ratio of 8.45 and a beta of 0.99. The company’s fifty day simple moving average is $9.31 and its two-hundred day simple moving average is $11.90. Bridgewater Bancshares has a 1 year low of $7.99 and a 1 year high of $13.90. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.05 and a quick ratio of 1.05.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The company had revenue of $21.82 million during the quarter, compared to analysts’ expectations of $20.32 million. Bridgewater Bancshares had a return on equity of 13.45% and a net margin of 28.45%. Equities research analysts anticipate that Bridgewater Bancshares will post 0.98 EPS for the current year.

In related news, CEO Jerry J. Baack purchased 5,000 shares of the business’s stock in a transaction on 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 corporate insiders.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its stake in shares of Bridgewater Bancshares by 49.4% in the 4th quarter. Bank of New York Mellon Corp now owns 107,389 shares of the company’s stock valued at $1,480,000 after purchasing an additional 35,527 shares in the last quarter. State Street Corp increased its holdings in shares of Bridgewater Bancshares by 4.5% in the third quarter. State Street Corp now owns 387,826 shares of the company’s stock worth $4,631,000 after buying an additional 16,541 shares during the period. Oxford Asset Management LLP lifted its stake in shares of Bridgewater Bancshares by 23.3% in the 4th quarter. Oxford Asset Management LLP now owns 93,526 shares of the company’s stock valued at $1,289,000 after acquiring an additional 17,655 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Bridgewater Bancshares by 44.1% during the 4th quarter. Nuveen Asset Management LLC now owns 107,267 shares of the company’s stock valued at $1,478,000 after acquiring an additional 32,804 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Bridgewater Bancshares by 286.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 82,868 shares of the company’s stock valued at $1,142,000 after acquiring an additional 61,431 shares during the period. 46.56% of the stock is owned by hedge funds and other institutional investors.

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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