Hodges Capital Management Inc. Makes New Investment in Bridgewater Bancshares, Inc. $BWB

Hodges Capital Management Inc. purchased a new position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 220,290 shares of the company’s stock, valued at approximately $3,862,000. Hodges Capital Management Inc. owned about 0.80% of Bridgewater Bancshares at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after buying an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Bridgewater Bancshares by 253.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares in the last quarter. LPL Financial LLC grew its stake in shares of Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares in the first quarter valued at about $178,000. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Bridgewater Bancshares in the third quarter valued at about $232,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Trading Up 0.3%

Shares of BWB opened at $19.63 on Thursday. The company has a market capitalization of $547.28 million, a P/E ratio of 11.09 and a beta of 0.58. Bridgewater Bancshares, Inc. has a one year low of $14.79 and a one year high of $20.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day moving average price of $18.60 and a 200 day moving average price of $18.36.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. Sell-side analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Insider Transactions at Bridgewater Bancshares

In other Bridgewater Bancshares news, insider Nicholas L. Place sold 4,688 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $19.27, for a total transaction of $90,337.76. Following the transaction, the insider owned 139,622 shares of the company’s stock, valued at $2,690,515.94. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Lisa M. Salazar sold 4,162 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $18.55, for a total value of $77,205.10. Following the transaction, the chief operating officer directly owned 36,077 shares in the company, valued at approximately $669,228.35. This represents a 10.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,375 shares of company stock valued at $1,161,104 in the last three months. 23.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BWB shares. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. DA Davidson reiterated a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Bridgewater Bancshares has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Bridgewater Bancshares 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.