Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 15,900 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,900 shares of Bridgewater Bancshares stock in a transaction on Monday, July 27th. The shares were sold at an average price of $20.80, for a total value of $330,720.00. Following the completion of the sale, the chief executive officer directly owned 1,170,103 shares of the company’s stock, valued at $24,338,142.40. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Trading Down 0.9%

Shares of BWB opened at $20.81 on Thursday. 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, Inc. has a 12-month low of $14.90 and a 12-month high of $22.59. The firm has a market capitalization of $580.18 million, a PE ratio of 11.31 and a beta of 0.57. The stock’s fifty day simple moving average is $20.33 and its 200-day simple moving average is $19.08.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. Bridgewater Bancshares had a return on equity of 11.42% and a net margin of 18.38%. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

BWB has been the subject of several analyst reports. DA Davidson reiterated a “buy” rating and set a $22.00 price target on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Piper Sandler increased their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bridgewater Bancshares presently has a consensus rating of “Moderate Buy” and an average price target of $22.00.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. BNP Paribas Financial Markets grew its position in shares of Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after buying an additional 1,046 shares during the period. State of Alaska Department of Revenue raised its position in shares of Bridgewater Bancshares by 253.6% in the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after acquiring an additional 2,762 shares during the period. LPL Financial LLC boosted its stake in Bridgewater Bancshares by 7.8% during the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after acquiring an additional 855 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Bridgewater Bancshares by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock worth $218,000 after acquiring an additional 1,535 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Bridgewater Bancshares during the first quarter valued at approximately $178,000. Institutional investors own 65.83% of the company’s stock.

About Bridgewater Bancshares

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.