Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 11,334 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 11,334 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $20.91, for a total value of $236,993.94. Following the sale, the chief executive officer directly owned 1,158,769 shares of the company’s stock, valued at $24,229,859.79. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Bridgewater Bancshares Trading Down 0.9%

BWB traded down $0.19 on Wednesday, hitting $20.81. The company had a trading volume of 125,077 shares, compared to its average volume of 114,080. The company’s fifty day moving average price is $20.29 and its 200 day moving average price is $19.07. Bridgewater Bancshares, Inc. has a 1 year low of $14.90 and a 1 year high of $22.59. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The firm has a market cap of $580.18 million, a P/E ratio of 11.31 and a beta of 0.57.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.42%. The company had revenue of $40.89 million during the quarter, compared to analyst estimates of $41.43 million. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

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

Institutional Trading of Bridgewater Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of BWB. 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 grew its holdings in shares of Bridgewater Bancshares by 253.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after purchasing an additional 2,762 shares in the last quarter. 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 in the last quarter. Price T Rowe Associates Inc. MD increased 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 buying an additional 1,535 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in Bridgewater Bancshares during the 1st quarter worth approximately $178,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

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.