Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 11,334 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 11,334 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $20.91, for a total value of $236,993.94. Following the transaction, the chief executive officer directly owned 1,158,769 shares in the company, valued at approximately $24,229,859.79. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Stock Performance

BWB opened at $20.81 on Thursday. Bridgewater Bancshares, Inc. has a 12-month low of $14.90 and a 12-month high of $22.59. The stock has a market cap of $580.18 million, a price-to-earnings ratio of 11.31 and a beta of 0.57. The business has a 50 day moving average of $20.33 and a 200-day moving average of $19.08. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a return on equity of 11.42% and a net margin of 18.38%.The business had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. On average, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted 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 acquiring an additional 67,676 shares during the period. Bleakley Financial Group LLC bought a new stake in Bridgewater Bancshares during the first quarter worth about $1,535,000. Daytona Street Capital LLC acquired a new stake in Bridgewater Bancshares during the fourth quarter worth about $1,514,000. Hillsdale Investment Management Inc. increased its holdings in Bridgewater Bancshares by 39.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock valued at $3,731,000 after buying an additional 60,000 shares during the period. Finally, Tectonic Advisors LLC acquired a new position in shares of Bridgewater Bancshares in the 4th quarter valued at approximately $1,543,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BWB has been the topic of several research reports. Piper Sandler upped their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Finally, DA Davidson reiterated a “buy” rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a research note 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 presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.

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.