Jerry Baack Sells 10,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 10,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the transaction, the chief executive officer owned 1,148,769 shares of the company’s stock, valued at approximately $25,307,381.07. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB opened at $22.23 on Friday. The company has a market capitalization of $619.77 million, a PE ratio of 12.08 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average price is $20.93 and its 200 day moving average price is $19.34. Bridgewater Bancshares, Inc. has a 1 year low of $15.35 and a 1 year high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $40.89 million during the quarter, compared to analysts’ expectations of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. On average, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds have recently made changes to their positions in BWB. BlackRock Inc. purchased a new stake in Bridgewater Bancshares in the second quarter valued at approximately $37,145,000. Alliancebernstein L.P. lifted its stake in Bridgewater Bancshares by 181.8% during the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after purchasing an additional 827,141 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bridgewater Bancshares by 2.3% during the third 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 period. Dimensional Fund Advisors LP boosted its position in shares of Bridgewater Bancshares by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after buying an additional 25,899 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Bridgewater Bancshares by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after buying an additional 15,192 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BWB shares. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Thursday, August 6th. Piper Sandler boosted their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. DA Davidson reaffirmed a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

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.