Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Sold by Elgethun Capital Management

Elgethun Capital Management lowered its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 84,824 shares of the company’s stock after selling 3,111 shares during the period. Elgethun Capital Management’s holdings in Bridgewater Bancshares were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Picton Mahoney Asset Management acquired a new position in shares of Bridgewater Bancshares during the fourth quarter valued at approximately $28,000. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after buying an additional 676 shares during the last quarter. SG Americas Securities LLC grew its holdings in Bridgewater Bancshares by 17.6% in the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after buying an additional 1,248 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Bridgewater Bancshares during the 4th quarter worth $157,000. Finally, Wells Fargo & Company MN boosted its position in shares of Bridgewater Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock valued at $158,000 after acquiring an additional 2,540 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Stock Down 4.7 %

Shares of BWB opened at $12.29 on Monday. The company’s 50-day moving average price is $14.12 and its 200 day moving average price is $14.28. Bridgewater Bancshares, Inc. has a 12-month low of $10.52 and a 12-month high of $16.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The firm has a market cap of $339.15 million, a P/E ratio of 11.93 and a beta of 0.54.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. On average, sell-side analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research note on Thursday, January 30th. Piper Sandler decreased their price objective on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, January 31st.

Bridgewater Bancshares 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.