Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CFO Sells 5,211 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 5,211 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $18.05, for a total value of $94,058.55. Following the completion of the sale, the chief financial officer owned 105,349 shares of the company’s stock, valued at approximately $1,901,549.45. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock traded up $0.08 during trading hours on Friday, hitting $18.76. 95,021 shares of the stock traded hands, compared to its average volume of 83,300. The firm’s 50 day moving average price is $17.13 and its 200-day moving average price is $16.41. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $517.40 million, a price-to-earnings ratio of 14.11 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 1 year low of $11.93 and a 1 year high of $18.87.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $26.75 million during the quarter. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its holdings in Bridgewater Bancshares by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 57,814 shares of the company’s stock valued at $803,000 after purchasing an additional 2,161 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Bridgewater Bancshares by 2.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company’s stock worth $678,000 after purchasing an additional 1,099 shares during the period. Nuveen LLC acquired a new stake in Bridgewater Bancshares in the 1st quarter valued at about $776,000. American Century Companies Inc. boosted its stake in shares of Bridgewater Bancshares by 24.4% in the 1st quarter. American Century Companies Inc. now owns 385,997 shares of the company’s stock valued at $5,361,000 after buying an additional 75,730 shares during the period. Finally, Tradition Wealth Management LLC boosted its stake in shares of Bridgewater Bancshares by 0.6% in the 1st quarter. Tradition Wealth Management LLC now owns 357,516 shares of the company’s stock valued at $4,966,000 after buying an additional 2,175 shares during the period. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stephens assumed coverage on Bridgewater Bancshares in a report on Wednesday. They issued an “equal weight” rating and a $20.00 price target for the company. Zacks Research downgraded Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. DA Davidson reissued a “buy” rating and set a $21.00 price target on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Bridgewater Bancshares presently has a consensus rating of “Hold” and an average target price of $20.33.

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.