Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 15,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $22.21, for a total transaction of $333,150.00. Following the sale, the chief executive officer directly owned 1,133,769 shares of the company’s stock, valued at $25,181,009.49. This represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock opened at $22.23 on Friday. The firm’s 50 day simple moving average is $20.93 and its 200-day simple moving average is $19.34. The company has a market cap of $619.86 million, a P/E ratio of 12.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. Bridgewater Bancshares, Inc. has a fifty-two week low of $15.35 and a fifty-two week high of $22.62.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets grew its holdings 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 in the last quarter. Legal & General Group Plc purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at $45,000. State of Alaska Department of Revenue increased its stake in shares of Bridgewater Bancshares by 253.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after acquiring an additional 2,762 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of Bridgewater Bancshares in the first quarter worth $178,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analysts Set New Price Targets

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

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.