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 company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $22.48, for a total transaction of $224,800.00. Following the completion of the sale, the chief executive officer owned 1,123,769 shares in the company, valued at approximately $25,262,327.12. This trade represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bridgewater Bancshares Stock Up 0.1%

Shares of NASDAQ BWB traded up $0.02 on Tuesday, reaching $22.35. 154,892 shares of the company’s stock traded hands, compared to its average volume of 121,846. The business’s 50 day simple moving average is $20.99 and its two-hundred day simple moving average is $19.37. Bridgewater Bancshares, Inc. has a 12 month low of $15.35 and a 12 month high of $22.62. The company has a market cap of $623.21 million, a price-to-earnings ratio of 12.15 and a beta of 0.57. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The firm had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. As a group, equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in BWB. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares in the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after purchasing an additional 1,046 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth $45,000. State of Alaska Department of Revenue increased its holdings 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 worth $67,000 after purchasing an additional 2,762 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares in the first quarter worth $178,000. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

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

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.