Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells $34,716.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas P. Trutna sold 2,200 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $15.78, for a total value of $34,716.00. Following the sale, the director now owns 100,031 shares in the company, valued at $1,578,489.18. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bridgewater Bancshares Trading Down 2.1%

NASDAQ BWB opened at $15.69 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a twelve month low of $10.52 and a twelve month high of $16.15. The firm has a market capitalization of $432.98 million, a PE ratio of 15.23 and a beta of 0.55. The stock’s 50 day moving average is $14.07 and its 200 day moving average is $14.21.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. The company had revenue of $32.29 million for the quarter, compared to analyst estimates of $29.88 million. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

Hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new stake in Bridgewater Bancshares in the fourth quarter worth $28,000. Tower Research Capital LLC TRC boosted its holdings in Bridgewater Bancshares by 266.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company’s stock worth $45,000 after acquiring an additional 2,441 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after acquiring an additional 1,248 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Bridgewater Bancshares in the fourth quarter worth $157,000. Finally, Wells Fargo & Company MN boosted its holdings in Bridgewater Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock worth $158,000 after acquiring an additional 2,540 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research report on Friday, April 25th. DA Davidson restated a “buy” rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

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, 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.