Joseph Chybowski Sells 6,780 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 6,780 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $17.99, for a total transaction of $121,972.20. Following the sale, the chief financial officer directly owned 104,560 shares of the company’s stock, valued at approximately $1,881,034.40. This trade represents a 6.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Bridgewater Bancshares Price Performance

Shares of BWB stock traded up $0.05 on Tuesday, reaching $17.87. The company had a trading volume of 130,676 shares, compared to its average volume of 82,801. The business’s 50-day moving average is $17.07 and its 200 day moving average is $16.35. The stock has a market capitalization of $492.85 million, a PE ratio of 13.44 and a beta of 0.65. Bridgewater Bancshares, Inc. has a one year low of $11.93 and a one year high of $18.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.28 EPS for the quarter. The firm had revenue of $26.75 million for the quarter. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%. Equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of BWB. Alliancebernstein L.P. increased its stake in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after purchasing an additional 827,141 shares in the last quarter. Ancora Advisors LLC bought a new position in Bridgewater Bancshares in the 3rd quarter worth $3,426,000. CSM Advisors LLC purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth $2,973,000. Hillsdale Investment Management Inc. bought a new stake in Bridgewater Bancshares during the third quarter valued at about $2,690,000. Finally, Curi Capital LLC bought a new stake in Bridgewater Bancshares during the second quarter valued at about $2,029,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BWB. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Finally, Zacks Research lowered Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Bridgewater Bancshares Company Profile

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.