Bridgewater Bancshares (NASDAQ:BWB) COO Lisa Salazar Sells 4,162 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa Salazar sold 4,162 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $18.55, for a total transaction of $77,205.10. Following the transaction, the chief operating officer owned 36,077 shares in the company, valued at approximately $669,228.35. The trade was a 10.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bridgewater Bancshares Stock Down 2.8%

BWB stock opened at $18.00 on Tuesday. Bridgewater Bancshares, Inc. has a twelve month low of $14.35 and a twelve month high of $20.30. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96. The company has a market cap of $501.84 million, a PE ratio of 10.17 and a beta of 0.58. The business’s 50-day simple moving average is $18.06 and its 200 day simple moving average is $18.03.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The firm had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. On average, research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, DA Davidson reiterated a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.67.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after purchasing an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after acquiring an additional 2,762 shares in the last quarter. CWM LLC grew its position in shares of Bridgewater Bancshares by 118.0% in the 3rd quarter. CWM LLC now owns 5,369 shares of the company’s stock valued at $94,000 after purchasing an additional 2,906 shares during the period. LPL Financial LLC boosted its holdings in shares of Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings 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 purchasing an additional 1,535 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.