Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $224,800.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 10,000 shares of Bridgewater Bancshares stock in a transaction on Monday, August 17th. The shares were sold at an average price of $22.48, for a total value of $224,800.00. Following the transaction, the chief executive officer owned 1,123,769 shares in the company, valued at approximately $25,262,327.12. This trade represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Down 0.3%

BWB opened at $21.55 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $600.81 million, a PE ratio of 11.71 and a beta of 0.57. The stock’s fifty day moving average is $21.12 and its 200-day moving average is $19.43. Bridgewater Bancshares, Inc. has a one year low of $15.35 and a one year high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The business had revenue of $40.89 million during the quarter, compared to analysts’ expectations of $41.43 million. On average, equities analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Bridgewater Bancshares during the second quarter valued at about $37,145,000. Alliancebernstein L.P. boosted its holdings in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after buying an additional 827,141 shares during the period. Punch & Associates Investment Management Inc. purchased a new position in shares of Bridgewater Bancshares in the second quarter worth approximately $9,145,000. Ancora Advisors LLC purchased a new position in shares of Bridgewater Bancshares in the second quarter worth approximately $5,020,000. Finally, Hodges Capital Management Inc. acquired a new stake in shares of Bridgewater Bancshares during the fourth quarter valued at approximately $3,862,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BWB shares. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note 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 for the company in a research note on Thursday, August 6th. Finally, Piper Sandler raised their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

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.