Bridgewater Bancshares (NASDAQ:BWB) Insider Nicholas Place Sells 4,688 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider Nicholas Place sold 4,688 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $19.27, for a total value of $90,337.76. Following the completion of the transaction, the insider directly owned 139,622 shares of the company’s stock, valued at $2,690,515.94. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Price Performance

NASDAQ BWB traded up $0.17 on Monday, reaching $19.42. 147,341 shares of the stock traded hands, compared to its average volume of 75,336. Bridgewater Bancshares, Inc. has a 12 month low of $14.79 and a 12 month high of $20.30. The firm’s fifty day simple moving average is $18.48 and its 200 day simple moving average is $18.29. The company has a market cap of $541.49 million, a price-to-earnings ratio of 10.97 and a beta of 0.58. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The company had revenue of $38.96 million for the quarter, compared to analyst estimates of $36.93 million. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors have recently added to or reduced their stakes in BWB. NewEdge Advisors LLC bought a new position in Bridgewater Bancshares during the first quarter worth about $263,000. Bank of America Corp DE raised its stake in shares of Bridgewater Bancshares by 14.4% in the first quarter. Bank of America Corp DE now owns 20,759 shares of the company’s stock valued at $367,000 after acquiring an additional 2,615 shares during the last quarter. Rhino Investment Partners Inc increased its holdings in shares of Bridgewater Bancshares by 5.5% in the first quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company’s stock valued at $7,619,000 after purchasing an additional 22,502 shares in the last quarter. Empowered Funds LLC grew its holdings in Bridgewater Bancshares by 79.8% during the 1st quarter. Empowered Funds LLC now owns 92,109 shares of the company’s stock worth $1,630,000 after acquiring an additional 40,890 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Bridgewater Bancshares by 27.3% during the 1st quarter. Quantinno Capital Management LP now owns 47,254 shares of the company’s stock worth $836,000 after acquiring an additional 10,122 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. DA Davidson restated a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.67.

Bridgewater Bancshares Company Profile

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.