Villanova Investment Management Co LLC Grows Stake in Bridgewater Bancshares, Inc. $BWB

Villanova Investment Management Co LLC lifted its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 22.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,653 shares of the company’s stock after purchasing an additional 33,943 shares during the period. Bridgewater Bancshares accounts for about 2.3% of Villanova Investment Management Co LLC’s investment portfolio, making the stock its 10th biggest holding. Villanova Investment Management Co LLC’s holdings in Bridgewater Bancshares were worth $3,285,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC bought a new position in Bridgewater Bancshares during the first quarter valued at about $178,000. Empowered Funds LLC increased its holdings in shares of Bridgewater Bancshares by 10.1% during the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after acquiring an additional 1,752 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Bridgewater Bancshares in the 1st quarter valued at approximately $357,000. CWM LLC lifted its holdings in Bridgewater Bancshares by 182.1% in the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock worth $39,000 after purchasing an additional 1,590 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $2,015,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Bridgewater Bancshares Stock Up 0.3%

NASDAQ BWB opened at $19.33 on Monday. Bridgewater Bancshares, Inc. has a twelve month low of $11.93 and a twelve month high of $20.30. The stock has a market cap of $533.12 million, a PE ratio of 12.89 and a beta of 0.65. The firm has a 50-day simple moving average of $18.62 and a 200 day simple moving average of $17.48. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $38.84 million for the quarter, compared to analyst estimates of $36.10 million. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%. On average, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In related news, CEO Jerry J. Baack sold 13,039 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $17.97, for a total value of $234,310.83. Following the completion of the transaction, the chief executive officer directly owned 1,162,264 shares in the company, valued at approximately $20,885,884.08. This represents a 1.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey D. Shellberg sold 9,838 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $18.89, for a total value of $185,839.82. Following the completion of the transaction, the director directly owned 266,187 shares of the company’s stock, valued at approximately $5,028,272.43. This trade represents a 3.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 89,982 shares of company stock valued at $1,649,309 in the last quarter. 23.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BWB shares. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. DA Davidson set a $24.00 price target on Bridgewater Bancshares in a research report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating and issued a $23.00 price objective (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Finally, Stephens began coverage on Bridgewater Bancshares in a research report on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.