Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $333,150.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $22.21, for a total transaction of $333,150.00. Following the completion of the sale, the chief executive officer directly owned 1,133,769 shares of the company’s stock, valued at $25,181,009.49. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Trading Down 0.0%

NASDAQ BWB traded down $0.01 during trading on Friday, hitting $22.23. 173,032 shares of the company’s stock traded hands, compared to its average volume of 121,172. The stock has a fifty day moving average of $20.87 and a two-hundred day moving average of $19.32. Bridgewater Bancshares, Inc. has a 12-month low of $15.35 and a 12-month high of $22.62. The firm has a market cap of $619.77 million, a P/E ratio of 12.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. As a group, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares during the second quarter valued at $32,000. BNP Paribas Financial Markets lifted its stake in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after acquiring an additional 1,046 shares during the period. Legal & General Group Plc bought a new position in Bridgewater Bancshares during the second quarter valued at approximately $45,000. State of Alaska Department of Revenue lifted its holdings in shares of Bridgewater Bancshares by 253.6% during the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Bridgewater Bancshares during the first quarter valued at $178,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BWB. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Thursday, August 6th. DA Davidson reaffirmed a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Finally, Piper Sandler upped their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.67.

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.