Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CFO Sells $132,720.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 7,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer owned 118,501 shares in the company, valued at approximately $2,246,778.96. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $19.25 on Monday. The firm has a market cap of $536.69 million, a PE ratio of 10.88 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 52-week low of $14.74 and a 52-week high of $20.30. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $18.48 and its two-hundred day moving average is $18.29.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $38.96 million for the quarter, compared to analyst estimates of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. On average, research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on BWB shares. DA Davidson reissued a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. 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.com, Bridgewater Bancshares has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BWB. AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares in the 1st quarter valued at $178,000. Empowered Funds LLC grew its position in shares of Bridgewater Bancshares by 10.1% in the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after buying an additional 1,752 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Bridgewater Bancshares in the 1st quarter valued at $357,000. Rhumbline Advisers grew its position in shares of Bridgewater Bancshares by 21.3% in the 2nd quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock valued at $563,000 after buying an additional 6,230 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Bridgewater Bancshares by 87.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after buying an additional 101,628 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.