Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 15,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $22.21, for a total transaction of $333,150.00. Following the completion of the transaction, the chief executive officer owned 1,133,769 shares in the company, valued at $25,181,009.49. This trade represents a 1.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Stock Performance

BWB traded down $0.01 during trading on Friday, hitting $22.23. The company’s stock had a trading volume of 173,032 shares, compared to its average volume of 121,172. The business’s 50 day simple moving average is $20.87 and its 200-day simple moving average is $19.32. The firm has a market cap of $619.77 million, a PE ratio of 12.08 and a beta of 0.57. Bridgewater Bancshares, Inc. has a one year low of $15.35 and a one year high of $22.62. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $40.89 million during the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. As a group, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at $37,145,000. Alliancebernstein L.P. increased its stake in Bridgewater Bancshares by 181.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after buying an additional 827,141 shares in the last quarter. Vanguard Group Inc. increased its stake in Bridgewater Bancshares by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after buying an additional 25,566 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Bridgewater Bancshares by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock valued at $18,735,000 after acquiring an additional 25,899 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Bridgewater Bancshares by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after acquiring an additional 15,192 shares during the period. 65.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BWB shares. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Thursday, August 6th. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. DA Davidson reaffirmed a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Finally, Piper Sandler boosted their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.67.

About Bridgewater Bancshares

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.