Bridgewater Bancshares (NASDAQ:BWB) CFO Joseph Chybowski Sells 7,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 7,000 shares of Bridgewater Bancshares stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $18.96, for a total value of $132,720.00. Following the sale, the chief financial officer owned 118,501 shares of the company’s stock, valued at approximately $2,246,778.96. This trade represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $19.25 on Friday. The company has a market cap of $536.69 million, a PE ratio of 10.88 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The stock has a 50-day moving average price of $18.48 and a 200-day moving average price of $18.27. Bridgewater Bancshares, Inc. has a 12-month low of $14.74 and a 12-month high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The business had revenue of $38.96 million for the quarter, compared to the consensus estimate of $36.93 million. Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. As a group, equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of large investors have recently modified their holdings of BWB. AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares during the 1st quarter valued at about $178,000. Empowered Funds LLC raised its holdings in shares of Bridgewater Bancshares by 10.1% during the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after buying an additional 1,752 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Bridgewater Bancshares during the 1st quarter valued at about $357,000. Rhumbline Advisers raised its holdings in shares of Bridgewater Bancshares by 21.3% during the 2nd quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock valued at $563,000 after buying an additional 6,230 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Bridgewater Bancshares by 87.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after buying an additional 101,628 shares in the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BWB shares. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. DA Davidson reissued a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

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.