Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 10,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 10,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the sale, the chief executive officer directly owned 1,148,769 shares in the company, valued at approximately $25,307,381.07. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock opened at $22.23 on Friday. The firm has a market capitalization of $619.86 million, a P/E ratio of 12.08 and a beta of 0.57. The stock has a fifty day moving average price of $20.93 and a 200 day moving average price of $19.34. Bridgewater Bancshares, Inc. has a 52 week low of $15.35 and a 52 week high of $22.62. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) 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 11.21%. The business had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors 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 valued at about $32,000. BNP Paribas Financial Markets boosted its holdings in Bridgewater Bancshares by 78.1% in the second 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 acquired a new stake in Bridgewater Bancshares during the 2nd quarter valued at approximately $45,000. State of Alaska Department of Revenue grew its stake in Bridgewater Bancshares by 253.6% during the 4th 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. Finally, AQR Capital Management LLC acquired a new stake in Bridgewater Bancshares during the 1st quarter valued at approximately $178,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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