Joseph Chybowski Sells 7,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 7,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $18.96, for a total transaction of $132,720.00. Following the completion of the sale, the chief financial officer directly owned 118,501 shares of the company’s stock, valued at approximately $2,246,778.96. The trade was a 5.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $19.25 on Friday. The firm has a market cap of $536.69 million, a PE ratio of 10.88 and a beta of 0.58. The firm has a fifty day moving average of $18.48 and a 200 day moving average of $18.27. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. Bridgewater Bancshares, Inc. has a one year low of $14.74 and a one year high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last issued 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). The company had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors have recently modified their holdings of BWB. BNP Paribas Financial Markets grew its holdings 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 buying an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of 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 buying an additional 2,762 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Bridgewater Bancshares during the 1st quarter valued at about $178,000. LPL Financial LLC grew 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 purchasing an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Bridgewater Bancshares by 14.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock valued at $218,000 after purchasing an additional 1,535 shares during the period. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.67.

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.