Zacks Investment Research upgraded shares of Bridgewater Bancshares (NASDAQ:BWB) from a sell rating to a hold rating in a report published on Friday morning.

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 lowered Bridgewater Bancshares from a hold rating to a sell rating in a research note on Thursday, November 1st.

NASDAQ BWB traded up $0.40 on Friday, reaching $11.56. 109,772 shares of the company’s stock traded hands, compared to its average volume of 41,740. Bridgewater Bancshares has a 12 month low of $10.04 and a 12 month high of $13.87. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53.

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

In other Bridgewater Bancshares news, Director Douglas J. Parish purchased 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was bought at an average price of $12.39 per share, with a total value of $99,120.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds have recently made changes to their positions in BWB. Russell Investments Group Ltd. purchased a new stake in Bridgewater Bancshares in the first quarter worth $298,000. Millennium Management LLC bought a new position in Bridgewater Bancshares in the first quarter worth $4,046,000. Acadian Asset Management LLC bought a new position in Bridgewater Bancshares in the second quarter worth $148,000. Northpointe Capital LLC raised its holdings in Bridgewater Bancshares by 17.0% in the second quarter. Northpointe Capital LLC now owns 207,976 shares of the company’s stock worth $2,645,000 after purchasing an additional 30,289 shares in the last quarter. Finally, Penn Capital Management Co. Inc. raised its holdings in Bridgewater Bancshares by 185.2% in the second quarter. Penn Capital Management Co. Inc. now owns 100,321 shares of the company’s stock worth $1,276,000 after purchasing an additional 65,148 shares in the last quarter. 33.44% of the stock is owned by institutional investors.

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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