Bridgewater Bancshares (NASDAQ:BWB) CEO Sells 15,900 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,900 shares of the company’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $20.80, for a total value of $330,720.00. Following the completion of the transaction, the chief executive officer directly owned 1,170,103 shares in the company, valued at $24,338,142.40. This represents a 1.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded down $0.19 on Wednesday, reaching $20.81. 125,077 shares of the company traded hands, compared to its average volume of 114,080. Bridgewater Bancshares, Inc. has a fifty-two week low of $14.90 and a fifty-two week high of $22.59. The company’s 50 day moving average is $20.29 and its 200-day moving average is $19.07. The stock has a market capitalization of $580.18 million, a PE ratio of 11.31 and a beta of 0.57. 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 (NASDAQ:BWB) last issued its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. Bridgewater Bancshares had a return on equity of 11.42% and a net margin of 18.38%. As a group, analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWB. Piper Sandler lifted their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. DA Davidson reiterated a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Finally, Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BWB. JPMorgan Chase & Co. lifted its stake in Bridgewater Bancshares by 124.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock worth $2,149,000 after acquiring an additional 67,676 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in Bridgewater Bancshares during the 1st quarter valued at about $1,535,000. Daytona Street Capital LLC purchased a new position in Bridgewater Bancshares during the 4th quarter valued at about $1,514,000. Hillsdale Investment Management Inc. increased its holdings in shares of Bridgewater Bancshares by 39.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock valued at $3,731,000 after purchasing an additional 60,000 shares during the period. Finally, Tectonic Advisors LLC acquired a new position in shares of Bridgewater Bancshares in the 4th quarter valued at about $1,543,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

About Bridgewater Bancshares

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.