Bridgewater Bancshares (NASDAQ:BWB) Stock: Insider Jerry Baack Sells 20,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $20.25, for a total value of $405,000.00. Following the completion of the sale, the chief executive officer directly owned 1,157,769 shares in the company, valued at approximately $23,444,822.25. This represents a 1.70% 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 Stock Performance

Bridgewater Bancshares stock opened at $20.27 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $565.21 million, a P/E ratio of 10.39 and a beta of 0.63. The stock’s 50 day moving average is $20.71 and its 200 day moving average is $19.76. Bridgewater Bancshares, Inc. has a twelve month low of $16.06 and a twelve month high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The business had revenue of $43.23 million during the quarter, compared to analysts’ expectations of $43.20 million. On average, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bridgewater Bancshares during the second quarter valued at $32,000. Legal & General Group Plc purchased a new stake in shares of Bridgewater Bancshares during the second quarter valued at $45,000. NewEdge Advisors LLC bought a new stake in Bridgewater Bancshares in the 1st quarter worth about $263,000. Cetera Investment Advisers increased its holdings in Bridgewater Bancshares by 6.5% in the 1st quarter. Cetera Investment Advisers now owns 17,235 shares of the company’s stock worth $305,000 after buying an additional 1,059 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Bridgewater Bancshares by 64.9% in the 1st quarter. Sei Investments Co. now owns 17,858 shares of the company’s stock worth $316,000 after buying an additional 7,031 shares in the last quarter. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BWB shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bridgewater Bancshares in a research report on Monday, September 14th. Piper Sandler upped their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $23.67.

Bridgewater Bancshares Company Profile

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.