Nicholas Place Sells 4,688 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider Nicholas Place sold 4,688 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $19.27, for a total transaction of $90,337.76. Following the completion of the transaction, the insider owned 139,622 shares of the company’s stock, valued at $2,690,515.94. This represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $19.58 on Wednesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 1.06. Bridgewater Bancshares, Inc. has a 1 year low of $14.79 and a 1 year high of $20.30. The company has a market capitalization of $545.89 million, a PE ratio of 11.06 and a beta of 0.58. The company has a fifty day moving average of $18.56 and a two-hundred day moving average of $18.33.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The company had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. As a group, analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds have recently added to or reduced their stakes in BWB. AQR Capital Management LLC purchased a new position in Bridgewater Bancshares in the first quarter valued at about $178,000. Empowered Funds LLC increased its holdings in Bridgewater Bancshares by 10.1% in the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after buying an additional 1,752 shares in the last quarter. Jane Street Group LLC purchased a new position in Bridgewater Bancshares in the first quarter valued at about $357,000. Rhumbline Advisers increased its holdings in Bridgewater Bancshares by 21.3% in the second quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock valued at $563,000 after buying an additional 6,230 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Bridgewater Bancshares by 87.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after buying an additional 101,628 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Bridgewater Bancshares Company 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.