Jerry Baack Sells 15,900 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,900 shares of Bridgewater Bancshares stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $20.80, for a total value of $330,720.00. Following the completion of the transaction, the chief executive officer directly owned 1,170,103 shares in the company, valued at approximately $24,338,142.40. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Trading Down 1.5%

Shares of Bridgewater Bancshares stock opened at $20.50 on Friday. The company’s fifty day simple moving average is $20.36 and its 200-day simple moving average is $19.10. The company has a market cap of $571.60 million, a price-to-earnings ratio of 11.14 and a beta of 0.57. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. Bridgewater Bancshares, Inc. has a 1 year low of $14.90 and a 1 year high of $22.59.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BWB. Piper Sandler upped their price objective on shares of 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 reissued a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of BWB. JPMorgan Chase & Co. boosted its position in shares of Bridgewater Bancshares by 124.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock valued at $2,149,000 after acquiring an additional 67,676 shares in the last quarter. Bleakley Financial Group LLC acquired a new position in Bridgewater Bancshares in the first quarter worth about $1,535,000. Daytona Street Capital LLC acquired a new position in Bridgewater Bancshares in the fourth quarter worth about $1,514,000. Hillsdale Investment Management Inc. lifted its stake in Bridgewater Bancshares by 39.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock worth $3,731,000 after purchasing an additional 60,000 shares during the period. Finally, Tectonic Advisors LLC bought a new position in Bridgewater Bancshares during the fourth quarter worth about $1,543,000. Institutional investors 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.