Bridgewater Bancshares (BWB) Upgraded to “Hold” by Zacks Investment Research

Bridgewater Bancshares (NASDAQ:BWB) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday.

According to Zacks, “Bridgewater Bancshares Inc. operates as a holding company for Bridgewater Bank which provides personal and commercial banking products and services to commercial real estate investors, small business entrepreneurs and high-net-worth individuals. The company offers checking, savings, money market savings, certificates of deposit accounts; bridge, home equity, residential interim construction, lot, construction, commercial real estate, long term multi-family, working capital, letters of credit and executive lines of credit options and debit and credit cards. Bridgewater Bancshares Inc. is headquartered in Bloomington, Minnesota. “

Separately, ValuEngine cut Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.

BWB traded up $0.40 during midday trading on Friday, reaching $11.56. 109,700 shares of the company were exchanged, compared to its average volume of 73,779. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.03. Bridgewater Bancshares has a one year low of $10.04 and a one year high of $13.87.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The business had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $16.90 million. On average, research analysts forecast that Bridgewater Bancshares will post 0.89 earnings per share for the current fiscal year.

In other Bridgewater Bancshares news, Director Douglas J. Parish acquired 8,000 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were acquired at an average price of $12.39 per share, for a total transaction of $99,120.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new stake in Bridgewater Bancshares in the 2nd quarter valued at approximately $142,000. Carlson Capital Management acquired a new stake in Bridgewater Bancshares in the 2nd quarter valued at approximately $143,000. Acadian Asset Management LLC acquired a new stake in Bridgewater Bancshares in the 2nd quarter valued at approximately $148,000. Bank of New York Mellon Corp acquired a new stake in Bridgewater Bancshares in the 2nd quarter valued at approximately $157,000. Finally, Private Advisor Group LLC acquired a new stake in Bridgewater Bancshares in the 3rd quarter valued at approximately $163,000. 33.44% of the stock is currently owned by institutional investors and hedge funds.

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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.

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