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 on Tuesday, December 9th. The shares were 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 in the company, valued at approximately $1,881,034.40. The trade was a 6.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded up $0.05 on Tuesday, reaching $17.87. The company’s stock had a trading volume of 130,676 shares, compared to its average volume of 82,801. The company has a 50-day simple moving average of $17.07 and a 200 day simple moving average of $16.35. Bridgewater Bancshares, Inc. has a 52-week low of $11.93 and a 52-week high of $18.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $492.85 million, a P/E ratio of 13.44 and a beta of 0.65.

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

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in shares of Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after acquiring an additional 1,046 shares in the last quarter. CWM LLC increased its position in Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after purchasing an additional 1,590 shares during the period. Palouse Capital Management Inc. purchased a new position in Bridgewater Bancshares during the 3rd quarter valued at about $113,000. AQR Capital Management LLC bought a new stake in shares of Bridgewater Bancshares in the 1st quarter valued at about $178,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $232,000. 65.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BWB has been the subject of several analyst reports. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.