Bridgewater Bancshares (NASDAQ:BWB) CFO Sells $132,720.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 7,000 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $18.96, for a total transaction of $132,720.00. Following the completion of the transaction, the chief financial officer directly owned 118,501 shares of the company’s stock, valued at approximately $2,246,778.96. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded up $0.17 during trading on Friday, hitting $19.25. 122,570 shares of the stock were exchanged, compared to its average volume of 74,664. The company has a market cap of $536.75 million, a PE ratio of 10.88 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The company has a fifty day moving average price of $18.45 and a two-hundred day moving average price of $18.27. Bridgewater Bancshares, Inc. has a 12-month low of $14.74 and a 12-month high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share (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 firm had revenue of $38.96 million for the quarter, compared to analyst estimates of $36.93 million. On average, analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BWB. DA Davidson reissued a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Bridgewater Bancshares has an average rating of “Moderate Buy” and an average price target of $21.67.

Institutional Trading of Bridgewater Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in Bridgewater Bancshares during the first quarter worth approximately $178,000. Empowered Funds LLC lifted its stake in shares of Bridgewater Bancshares by 10.1% during the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock worth $266,000 after purchasing an additional 1,752 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Bridgewater Bancshares during the 1st quarter valued at about $357,000. Rhumbline Advisers lifted its position in Bridgewater Bancshares by 21.3% during the 2nd quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock worth $563,000 after acquiring an additional 6,230 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Bridgewater Bancshares by 87.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after purchasing an additional 101,628 shares during the period. Institutional investors and hedge funds 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.