ValuEngine downgraded shares of Bridgewater Bancshares (NASDAQ:BWB) from a sell rating to a strong sell rating in a research report report published on Tuesday morning, ValuEngine reports.

A number of other research firms have also commented on BWB. B. Riley lifted their price target on shares of Bridgewater Bancshares from $14.00 to $16.00 and gave the company a buy rating in a research report on Thursday, January 9th. Zacks Investment Research raised shares of Bridgewater Bancshares from a sell rating to a hold rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $15.00.

Shares of BWB stock opened at $13.21 on Tuesday. The stock’s 50 day simple moving average is $13.29 and its 200 day simple moving average is $12.24. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06. Bridgewater Bancshares has a twelve month low of $10.15 and a twelve month high of $13.90. The company has a market capitalization of $378.33 million, a price-to-earnings ratio of 14.52 and a beta of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Thursday, October 24th. The company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. The firm had revenue of $19.88 million during the quarter, compared to analyst estimates of $19.54 million. Bridgewater Bancshares had a return on equity of 13.33% and a net margin of 29.44%. On average, analysts forecast that Bridgewater Bancshares will post 1.02 EPS for the current fiscal year.

In other Bridgewater Bancshares news, COO Mary Jayne Crocker sold 25,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $12.84, for a total value of $321,000.00. Company insiders own 17.31% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. Charles Schwab Investment Management Inc. lifted its position in shares of Bridgewater Bancshares by 4.5% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 78,482 shares of the company’s stock worth $906,000 after acquiring an additional 3,387 shares during the period. Bank of New York Mellon Corp boosted its holdings in Bridgewater Bancshares by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 74,631 shares of the company’s stock valued at $861,000 after purchasing an additional 2,390 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Bridgewater Bancshares by 79.4% during the second quarter. Renaissance Technologies LLC now owns 164,679 shares of the company’s stock valued at $1,900,000 after purchasing an additional 72,869 shares in the last quarter. Northern Trust Corp boosted its holdings in Bridgewater Bancshares by 4.5% during the second quarter. Northern Trust Corp now owns 222,152 shares of the company’s stock valued at $2,563,000 after purchasing an additional 9,554 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Bridgewater Bancshares by 46.9% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 16,865 shares of the company’s stock valued at $195,000 after purchasing an additional 5,385 shares during the period. Institutional investors and hedge funds own 44.94% of the company’s stock.

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 demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

Read More: What does a market perform rating mean?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.