Bridgewater Bancshares (BWB) Sees Strong Trading Volume

Bridgewater Bancshares Inc (NASDAQ:BWB) shares saw unusually-strong trading volume on Tuesday . Approximately 710,753 shares changed hands during trading, an increase of 939% from the previous session’s volume of 68,391 shares.The stock last traded at $11.20 and had previously closed at $11.00.

Several analysts recently commented on BWB shares. ValuEngine cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Zacks Investment Research cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. B. Riley started coverage on shares of Bridgewater Bancshares in a report on Friday, March 15th. They set a “buy” rating and a $14.00 price target for the company. Finally, DA Davidson restated a “buy” rating on shares of Bridgewater Bancshares in a report on Friday, April 26th.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $331.37 million, a P/E ratio of 12.31, a P/E/G ratio of 0.74 and a beta of 1.24.



Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $17.77 million for the quarter, compared to analyst estimates of $18.30 million. Bridgewater Bancshares had a return on equity of 12.88% and a net margin of 29.91%. Equities research analysts forecast that Bridgewater Bancshares Inc will post 0.99 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in Bridgewater Bancshares in the fourth quarter valued at approximately $295,000. FMR LLC lifted its stake in Bridgewater Bancshares by 16.7% in the fourth quarter. FMR LLC now owns 1,743,761 shares of the company’s stock valued at $18,397,000 after acquiring an additional 249,626 shares during the last quarter. Emerald Mutual Fund Advisers Trust lifted its stake in Bridgewater Bancshares by 0.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 728,202 shares of the company’s stock valued at $7,683,000 after acquiring an additional 5,306 shares during the last quarter. AdvisorNet Financial Inc acquired a new stake in Bridgewater Bancshares in the fourth quarter valued at approximately $384,000. Finally, EJF Capital LLC lifted its stake in Bridgewater Bancshares by 71.7% in the fourth quarter. EJF Capital LLC now owns 2,260,193 shares of the company’s stock valued at $23,845,000 after acquiring an additional 943,642 shares during the last quarter. Institutional investors and hedge funds own 40.68% of the company’s stock.

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About Bridgewater Bancshares (NASDAQ:BWB)

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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