Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $330,720.00 in Stock

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

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $20.48 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $570.98 million, a P/E ratio of 11.13 and a beta of 0.57. The firm’s fifty day simple moving average is $20.40 and its two-hundred day simple moving average is $19.11. Bridgewater Bancshares, Inc. has a 12 month low of $14.90 and a 12 month high of $22.59.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $40.89 million during the quarter, compared to analyst estimates of $41.43 million. Bridgewater Bancshares had a return on equity of 11.42% and a net margin of 18.38%. As a group, analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Bridgewater Bancshares by 124.3% during the third quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock worth $2,149,000 after purchasing an additional 67,676 shares during the period. Bleakley Financial Group LLC acquired a new stake in Bridgewater Bancshares in the 1st quarter valued at $1,535,000. Daytona Street Capital LLC bought a new stake in Bridgewater Bancshares during the 4th quarter valued at $1,514,000. Hillsdale Investment Management Inc. increased its stake in Bridgewater Bancshares by 39.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock valued at $3,731,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Tectonic Advisors LLC bought a new stake in Bridgewater Bancshares during the 4th quarter valued at $1,543,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analysts Forecast Growth

BWB has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. 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. Finally, Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.00.

About Bridgewater Bancshares

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.