Bridgewater Bancshares (NASDAQ:BWB) Insider Nicholas Place Sells 1,408 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider Nicholas Place sold 1,408 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $17.63, for a total value of $24,823.04. Following the completion of the sale, the insider owned 121,231 shares in the company, valued at approximately $2,137,302.53. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Performance

BWB stock traded up $0.05 during trading on Tuesday, reaching $17.87. 130,676 shares of the company’s stock were exchanged, compared to its average volume of 82,801. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $18.16. The firm has a market cap of $492.85 million, a PE ratio of 13.44 and a beta of 0.65. The company’s fifty day moving average price is $17.07 and its 200-day moving average price is $16.35. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

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

Institutional Trading of Bridgewater Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in Bridgewater Bancshares by 3.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 57,814 shares of the company’s stock worth $803,000 after buying an additional 2,161 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Bridgewater Bancshares by 2.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company’s stock worth $678,000 after acquiring an additional 1,099 shares in the last quarter. Nuveen LLC acquired a new position in shares of Bridgewater Bancshares in the 1st quarter worth $776,000. American Century Companies Inc. grew its holdings in shares of Bridgewater Bancshares by 24.4% in the 1st quarter. American Century Companies Inc. now owns 385,997 shares of the company’s stock worth $5,361,000 after acquiring an additional 75,730 shares during the last quarter. Finally, Tradition Wealth Management LLC raised its position in shares of Bridgewater Bancshares by 0.6% during the first quarter. Tradition Wealth Management LLC now owns 357,516 shares of the company’s stock worth $4,966,000 after purchasing an additional 2,175 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BWB has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Finally, DA Davidson restated a “buy” rating and issued a $21.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Bridgewater Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Bridgewater Bancshares Company Profile

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.