Bridgewater Bancshares (NASDAQ:BWB) Insider Sells $90,337.76 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider Nicholas Place sold 4,688 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $19.27, for a total transaction of $90,337.76. Following the sale, the insider owned 139,622 shares of the company’s stock, valued at $2,690,515.94. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $19.63 on Thursday. Bridgewater Bancshares, Inc. has a 52-week low of $14.79 and a 52-week high of $20.30. The company has a 50-day simple moving average of $18.60 and a 200 day simple moving average of $18.36. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $547.28 million, a PE ratio of 11.09 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data 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). Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%.The company had revenue of $38.96 million for the quarter, compared to analysts’ expectations of $36.93 million. On average, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its position in 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 during the period. State of Alaska Department of Revenue boosted its position in Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after purchasing an additional 2,762 shares during the period. AQR Capital Management LLC bought a new position in Bridgewater Bancshares during the first quarter worth about $178,000. LPL Financial LLC boosted its position in Bridgewater Bancshares by 7.8% during the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after purchasing an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bridgewater Bancshares by 14.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock valued at $218,000 after acquiring an additional 1,535 shares during the period. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. DA Davidson reiterated a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $21.67.

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.