Lisa Salazar Sells 4,162 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa Salazar sold 4,162 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $18.55, for a total value of $77,205.10. Following the transaction, the chief operating officer directly owned 36,077 shares in the company, valued at $669,228.35. This represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Trading Up 1.3%

Shares of BWB opened at $18.24 on Wednesday. The firm has a market cap of $508.53 million, a P/E ratio of 10.31 and a beta of 0.58. Bridgewater Bancshares, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $20.30. 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 business has a 50-day moving average of $18.06 and a 200 day moving average of $18.04.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share 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 the consensus estimate of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. As a group, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BWB shares. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Finally, Piper Sandler reiterated an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bridgewater Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

Institutional Trading of Bridgewater Bancshares

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in shares of Bridgewater Bancshares by 124.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock valued at $2,149,000 after purchasing an additional 67,676 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Bridgewater Bancshares in the 3rd quarter worth approximately $2,690,000. Daytona Street Capital LLC purchased a new stake in Bridgewater Bancshares in the fourth quarter worth approximately $1,514,000. Tectonic Advisors LLC bought a new position in Bridgewater Bancshares during the fourth quarter valued at approximately $1,543,000. Finally, EJF Capital LLC lifted its holdings in shares of Bridgewater Bancshares by 20.2% in the 3rd quarter. EJF Capital LLC now owns 195,642 shares of the company’s stock worth $3,443,000 after acquiring an additional 32,875 shares during the last quarter. 65.83% of the stock is owned by 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.