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.
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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