Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $333,150.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $22.21, for a total value of $333,150.00. Following the completion of the sale, the chief executive officer directly owned 1,133,769 shares of the company’s stock, 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 SEC, which is available at the SEC website.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $22.23 on Monday. 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, Inc. has a 52 week low of $15.35 and a 52 week high of $22.62. The business has a 50 day moving average price of $20.93 and a 200-day moving average price of $19.34. The company has a market cap of $619.77 million, a price-to-earnings ratio of 12.08 and a beta of 0.57.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in Bridgewater Bancshares in the 1st quarter worth about $178,000. Empowered Funds LLC lifted its position 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 worth $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 in the 1st quarter worth approximately $357,000. Rhumbline Advisers boosted its stake in shares of Bridgewater Bancshares by 21.3% in the 2nd quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock worth $563,000 after buying an additional 6,230 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Bridgewater Bancshares by 87.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after acquiring an additional 101,628 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

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.