Elgethun Capital Management Sells 3,111 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Elgethun Capital Management reduced its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 3.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,824 shares of the company’s stock after selling 3,111 shares during the period. Elgethun Capital Management owned about 0.31% of Bridgewater Bancshares worth $1,146,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

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

Bridgewater Bancshares Stock Down 4.7 %

NASDAQ:BWB opened at $12.29 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The company’s fifty day moving average price is $14.12 and its 200-day moving average price is $14.28. Bridgewater Bancshares, Inc. has a 1-year low of $10.52 and a 1-year high of $16.00. The firm has a market capitalization of $339.15 million, a P/E ratio of 11.93 and a beta of 0.54.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. As a group, equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

About Bridgewater Bancshares

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.