Lisa Salazar Sells 4,162 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa Salazar sold 4,162 shares of Bridgewater Bancshares stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $18.55, for a total value of $77,205.10. Following the transaction, the chief operating officer owned 36,077 shares of the company’s stock, valued at $669,228.35. This represents a 10.34% 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 Performance

Shares of NASDAQ BWB traded down $0.52 during midday trading on Monday, hitting $18.00. 57,782 shares of the company’s stock were exchanged, compared to its average volume of 75,704. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30. The company’s 50 day moving average price is $18.10 and its 200 day moving average price is $18.02. The firm has a market capitalization of $500.83 million, a PE ratio of 10.17 and a beta of 0.58.

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

Analysts Set New Price Targets

BWB has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Piper Sandler restated an “overweight” rating and issued a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Institutional Trading of Bridgewater Bancshares

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in shares of 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. State of Alaska Department of Revenue lifted its position 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 acquiring an additional 2,762 shares during the period. CWM LLC lifted its position in shares of Bridgewater Bancshares by 118.0% during the 3rd quarter. CWM LLC now owns 5,369 shares of the company’s stock valued at $94,000 after acquiring an additional 2,906 shares during the period. LPL Financial LLC lifted its position in shares of Bridgewater Bancshares by 7.8% during the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after acquiring an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Bridgewater Bancshares by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock valued at $218,000 after acquiring an additional 1,535 shares during the period. 65.83% of the stock is currently owned by institutional investors.

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.