Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CFO Sells $197,169.93 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 9,651 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $20.43, for a total value of $197,169.93. Following the sale, the chief financial officer directly owned 108,850 shares in the company, valued at $2,223,805.50. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Stock Up 0.0%

BWB stock opened at $20.28 on Friday. The stock has a market capitalization of $565.41 million, a P/E ratio of 10.40 and a beta of 0.63. Bridgewater Bancshares, Inc. has a 1-year low of $16.06 and a 1-year high of $22.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The business has a fifty day moving average price of $20.69 and a 200-day moving average price of $19.77.

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

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Bridgewater Bancshares during the second quarter worth about $37,145,000. Dimensional Fund Advisors LP lifted its position in Bridgewater Bancshares by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after buying an additional 25,899 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new position in Bridgewater Bancshares during the second quarter worth $9,145,000. Rhino Investment Partners Inc raised its stake in Bridgewater Bancshares by 5.5% during the first quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company’s stock worth $7,619,000 after acquiring an additional 22,502 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Bridgewater Bancshares by 11.0% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,022 shares of the company’s stock worth $6,160,000 after acquiring an additional 34,454 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

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