Pacific Ridge Capital Partners LLC Grows Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Pacific Ridge Capital Partners LLC raised its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 13.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,804 shares of the company’s stock after acquiring an additional 12,941 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.40% of Bridgewater Bancshares worth $1,263,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BWB. BHZ Capital Management LP boosted its stake in shares of Bridgewater Bancshares by 8.2% in the 4th quarter. BHZ Capital Management LP now owns 48,132 shares of the company’s stock worth $651,000 after buying an additional 3,663 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Bridgewater Bancshares in the fourth quarter worth $406,000. BNP Paribas Financial Markets boosted its position in Bridgewater Bancshares by 100.4% in the first quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock worth $119,000 after purchasing an additional 5,128 shares during the last quarter. Sippican Capital Advisors grew its stake in Bridgewater Bancshares by 54.1% in the 1st quarter. Sippican Capital Advisors now owns 61,935 shares of the company’s stock valued at $721,000 after purchasing an additional 21,750 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Bridgewater Bancshares during the 1st quarter valued at $170,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB opened at $14.09 on Friday. The company has a market capitalization of $385.70 million, a P/E ratio of 12.47 and a beta of 0.68. The business has a fifty day simple moving average of $13.67 and a two-hundred day simple moving average of $12.30. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02. Bridgewater Bancshares, Inc. has a 1 year low of $8.00 and a 1 year high of $14.90.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $62.64 million during the quarter, compared to analyst estimates of $26.60 million. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. During the same quarter last year, the firm posted $0.31 EPS. On average, analysts expect that Bridgewater Bancshares, Inc. will post 1 earnings per share for the current year.

Insider Transactions at Bridgewater Bancshares

In related news, CEO Jerry J. Baack sold 11,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total value of $162,725.00. Following the completion of the transaction, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at approximately $17,383,473.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total transaction of $162,725.00. Following the sale, the chief executive officer now owns 1,228,514 shares of the company’s stock, valued at approximately $17,383,473.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas P. Trutna sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total value of $70,550.00. Following the completion of the transaction, the director now owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. The disclosure for this sale can be found here. Corporate insiders own 23.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BWB shares. DA Davidson boosted their price target on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th.

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, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.