Bridgewater Bancshares (NASDAQ:BWB) Stock: Insider Jerry Baack Sells 20,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 20,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $20.25, for a total value of $405,000.00. Following the completion of the sale, the chief executive officer directly owned 1,157,769 shares of the company’s stock, valued at approximately $23,444,822.25. This represents a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Trading Up 2.0%

NASDAQ BWB traded up $0.41 on Wednesday, reaching $20.73. 115,279 shares of the company were exchanged, compared to its average volume of 118,747. The business’s fifty day moving average price is $20.74 and its 200 day moving average price is $19.74. The stock has a market capitalization of $577.95 million, a P/E ratio of 10.63 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. Bridgewater Bancshares, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The business had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.20 million. Analysts forecast that Bridgewater Bancshares, Inc. will post 1.83 earnings per share for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently modified their holdings of the business. Tectonic Advisors LLC raised its stake in shares of Bridgewater Bancshares by 18.1% in the 3rd quarter. Tectonic Advisors LLC now owns 88,744 shares of the company’s stock valued at $1,790,000 after acquiring an additional 13,622 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $407,000. Squarepoint Ops LLC lifted its holdings in shares of Bridgewater Bancshares by 13.5% in the 2nd quarter. Squarepoint Ops LLC now owns 106,492 shares of the company’s stock worth $2,241,000 after acquiring an additional 12,627 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Bridgewater Bancshares by 1.0% during the 2nd quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock worth $5,020,000 after purchasing an additional 2,340 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter worth approximately $2,086,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BWB. Piper Sandler raised their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. Finally, Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Bridgewater Bancshares has an average rating of “Buy” and a consensus target price of $23.67.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.