Bridgewater Bancshares (NASDAQ:BWB) CEO Sells 10,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 10,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $22.03, for a total value of $220,300.00. Following the sale, the chief executive officer owned 1,148,769 shares of the company’s stock, valued at approximately $25,307,381.07. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgewater Bancshares Stock Down 0.0%

Shares of NASDAQ:BWB traded down $0.01 on Friday, reaching $22.23. The company had a trading volume of 173,032 shares, compared to its average volume of 121,172. Bridgewater Bancshares, Inc. has a 52-week low of $15.35 and a 52-week high of $22.62. The firm’s 50 day simple moving average is $20.87 and its 200-day simple moving average is $19.32. The firm has a market capitalization of $619.77 million, a PE ratio of 12.08 and a beta of 0.57. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Bridgewater Bancshares during the second quarter valued at about $37,145,000. Alliancebernstein L.P. raised its position in shares of Bridgewater Bancshares by 181.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares during the last quarter. Vanguard Group Inc. boosted its stake in Bridgewater Bancshares by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after purchasing an additional 25,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Bridgewater Bancshares by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after purchasing an additional 25,899 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Bridgewater Bancshares by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock worth $8,699,000 after purchasing an additional 15,192 shares during the last quarter. Hedge funds and other institutional investors 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.