Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $258,001.38 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,561 shares of the stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $16.58, for a total value of $258,001.38. Following the sale, the chief executive officer owned 1,189,361 shares in the company, valued at approximately $19,719,605.38. This trade represents a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB traded up $0.01 during trading on Friday, reaching $16.64. The company had a trading volume of 82,342 shares, compared to its average volume of 83,039. The business’s 50 day moving average price is $16.91 and its 200-day moving average price is $16.03. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $18.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market cap of $457.27 million, a PE ratio of 12.51 and a beta of 0.64.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The company had revenue of $26.75 million during the quarter. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%. Analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. DA Davidson reaffirmed a “buy” rating and set a $21.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Piper Sandler upped their price target on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, October 8th. Finally, Zacks Research cut shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $20.50.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Bridgewater Bancshares by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after buying an additional 25,566 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Bridgewater Bancshares by 124.3% in the third quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock valued at $2,149,000 after buying an additional 67,676 shares during the period. AE Wealth Management LLC increased its position in shares of Bridgewater Bancshares by 13.0% during the third quarter. AE Wealth Management LLC now owns 18,543 shares of the company’s stock worth $326,000 after acquiring an additional 2,131 shares in the last quarter. Palouse Capital Management Inc. bought a new stake in shares of Bridgewater Bancshares during the third quarter worth $113,000. Finally, CWM LLC raised its holdings in shares of Bridgewater Bancshares by 118.0% during the third quarter. CWM LLC now owns 5,369 shares of the company’s stock worth $94,000 after acquiring an additional 2,906 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.