Bridgewater Bancshares (NASDAQ:BWB) Issues Quarterly Earnings Results

Bridgewater Bancshares (NASDAQ:BWBGet Rating) issued its earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.39, MarketWatch Earnings reports. Bridgewater Bancshares had a return on equity of 15.58% and a net margin of 34.05%.

BWB traded down $0.33 during mid-day trading on Friday, hitting $16.02. 49,039 shares of the stock were exchanged, compared to its average volume of 36,296. The company has a market cap of $451.92 million, a PE ratio of 10.27 and a beta of 0.73. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Bridgewater Bancshares has a 1-year low of $15.52 and a 1-year high of $20.05. The firm’s fifty day moving average is $16.80 and its two-hundred day moving average is $17.47.

In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 4,166 shares of the business’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $17.46, for a total transaction of $72,738.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mohammed Lawal bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 10th. The stock was bought at an average cost of $17.50 per share, with a total value of $175,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 12,498 shares of company stock valued at $214,466. Company insiders own 21.97% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Bridgewater Bancshares by 194.8% in the fourth quarter. Barclays PLC now owns 25,560 shares of the company’s stock valued at $453,000 after purchasing an additional 16,889 shares during the last quarter. BlackRock Inc. lifted its holdings in Bridgewater Bancshares by 0.8% during the 4th quarter. BlackRock Inc. now owns 1,539,812 shares of the company’s stock worth $27,240,000 after buying an additional 11,917 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Bridgewater Bancshares by 18,395.3% during the 4th quarter. Wells Fargo & Company MN now owns 11,837 shares of the company’s stock worth $209,000 after buying an additional 11,773 shares during the last quarter. Deutsche Bank AG lifted its holdings in Bridgewater Bancshares by 5.0% during the 4th quarter. Deutsche Bank AG now owns 12,789 shares of the company’s stock worth $226,000 after buying an additional 604 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Bridgewater Bancshares by 3.8% during the 4th quarter. Parametric Portfolio Associates LLC now owns 62,155 shares of the company’s stock worth $1,100,000 after buying an additional 2,257 shares during the last quarter. Institutional investors and hedge funds own 48.79% of the company’s stock.

BWB has been the subject of a number of research analyst reports. B. Riley lowered their price target on Bridgewater Bancshares from $23.00 to $21.00 in a report on Tuesday, April 12th. Zacks Investment Research cut Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Wednesday, March 30th.

About Bridgewater Bancshares (Get Rating)

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. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

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Earnings History for Bridgewater Bancshares (NASDAQ:BWB)

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