Bridgewater Bancshares (NASDAQ:BWB) CFO Joseph Chybowski Sells 9,651 Shares of Company Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 9,651 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $20.43, for a total transaction of $197,169.93. Following the completion of the transaction, the chief financial officer owned 108,850 shares of the company’s stock, valued at $2,223,805.50. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Bridgewater Bancshares Stock Up 2.1%

Shares of BWB opened at $20.74 on Thursday. The company has a market capitalization of $578.23 million, a P/E ratio of 10.64 and a beta of 0.63. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. Bridgewater Bancshares, Inc. has a one year low of $16.06 and a one year high of $22.62. The business’s 50 day simple moving average is $20.73 and its 200-day simple moving average is $19.75.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The business had revenue of $43.23 million for the quarter, compared to analyst estimates of $43.20 million. As a group, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of BWB. Tectonic Advisors LLC boosted its position in Bridgewater Bancshares by 18.1% in the 3rd quarter. Tectonic Advisors LLC now owns 88,744 shares of the company’s stock valued at $1,790,000 after buying an additional 13,622 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at $407,000. Squarepoint Ops LLC raised its position in shares of Bridgewater Bancshares by 13.5% during the second quarter. Squarepoint Ops LLC now owns 106,492 shares of the company’s stock worth $2,241,000 after acquiring an additional 12,627 shares during the last quarter. Ancora Advisors LLC raised its position in shares of Bridgewater Bancshares by 1.0% during the second quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock worth $5,020,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Bridgewater Bancshares during the second quarter valued at $2,086,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BWB. Piper Sandler increased their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Stephens raised Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of Bridgewater Bancshares in a research report on Monday, September 14th. Four research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $23.67.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.