Bridgewater Bancshares (NASDAQ:BWB) Issues Earnings Results

Bridgewater Bancshares (NASDAQ:BWB) issued its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04, Zacks reports. Bridgewater Bancshares had a net margin of 13.54% and a return on equity of 9.02%.

Bridgewater Bancshares Trading Up 0.3 %

Shares of BWB stock traded up $0.04 during mid-day trading on Wednesday, hitting $13.70. The company’s stock had a trading volume of 36,265 shares, compared to its average volume of 59,720. Bridgewater Bancshares has a 52 week low of $10.52 and a 52 week high of $16.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day simple moving average is $14.09 and its 200-day simple moving average is $14.09. The company has a market cap of $375.79 million, a PE ratio of 13.05 and a beta of 0.68.

Insider Activity

In related news, Director Douglas J. Parish sold 5,750 shares of Bridgewater Bancshares stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total value of $86,537.50. Following the completion of the sale, the director now owns 1,636 shares of the company’s stock, valued at approximately $24,621.80. This trade represents a 77.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas P. Trutna sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the transaction, the director now owns 100,780 shares in the company, valued at approximately $1,524,801.40. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,515 shares of company stock worth $264,102 in the last quarter. 23.21% of the stock is owned by corporate insiders.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.