Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) COO Sells 4,162 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa Salazar sold 4,162 shares of Bridgewater Bancshares stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $18.55, for a total value of $77,205.10. Following the completion of the sale, the chief operating officer directly owned 36,077 shares in the company, valued at approximately $669,228.35. This represents a 10.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Bridgewater Bancshares Stock Down 2.8%

Bridgewater Bancshares stock traded down $0.52 during midday trading on Monday, reaching $18.00. The stock had a trading volume of 57,782 shares, compared to its average volume of 75,704. The firm’s fifty day simple moving average is $18.10 and its 200-day simple moving average is $18.02. Bridgewater Bancshares, Inc. has a 1-year low of $14.35 and a 1-year high of $20.30. The stock has a market capitalization of $500.83 million, a P/E ratio of 10.17 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06.

Bridgewater Bancshares (NASDAQ:BWB) last announced its 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). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The firm had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. As a group, analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its stake in Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares in the last quarter. Vanguard Group Inc. grew its stake in Bridgewater Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after purchasing an additional 25,566 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Bridgewater Bancshares by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock valued at $18,735,000 after purchasing an additional 25,899 shares in the last quarter. Geode Capital Management LLC grew its stake in Bridgewater Bancshares by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after purchasing an additional 15,192 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of Bridgewater Bancshares by 1.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 438,960 shares of the company’s stock valued at $7,695,000 after buying an additional 5,000 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BWB shares. Piper Sandler reissued an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Finally, DA Davidson restated a “buy” rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Bridgewater Bancshares has an average rating of “Moderate Buy” and a consensus price target of $21.67.

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.