Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $234,310.83 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 13,039 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $17.97, for a total transaction of $234,310.83. Following the completion of the sale, the chief executive officer owned 1,162,264 shares in the company, valued at approximately $20,885,884.08. This trade represents a 1.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Trading Up 0.3%

BWB stock traded up $0.05 during midday trading on Tuesday, reaching $17.87. 130,676 shares of the company traded hands, compared to its average volume of 82,801. The firm has a market capitalization of $492.85 million, a price-to-earnings ratio of 13.44 and a beta of 0.65. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The business has a 50 day moving average of $17.07 and a 200-day moving average of $16.35. Bridgewater Bancshares, Inc. has a 52-week low of $11.93 and a 52-week high of $18.16.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The business had revenue of $26.75 million for the quarter. As a group, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BWB has been the topic of several research reports. DA Davidson restated a “buy” rating and set a $21.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Zacks Research lowered Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Bridgewater Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of BWB. Alliancebernstein L.P. lifted its holdings in shares of Bridgewater Bancshares by 181.8% during 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. grew its stake in Bridgewater Bancshares by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after buying an additional 25,566 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bridgewater Bancshares by 2.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 993,523 shares of the company’s stock valued at $17,485,000 after buying an additional 21,969 shares in the last quarter. Geode Capital Management LLC raised its stake in Bridgewater Bancshares by 3.7% in the second quarter. Geode Capital Management LLC now owns 466,941 shares of the company’s stock valued at $7,431,000 after buying an additional 16,578 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Bridgewater Bancshares by 13.8% in the second quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock worth $6,989,000 after acquiring an additional 53,258 shares in the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.