Bridgewater Bancshares (NASDAQ:BWB) Stock: Insider Joseph Chybowski Sells 9,651 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 9,651 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $20.43, for a total transaction of $197,169.93. Following the transaction, the chief financial officer owned 108,850 shares in the company, valued at $2,223,805.50. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock opened at $20.27 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. Bridgewater Bancshares, Inc. has a 52-week low of $16.06 and a 52-week high of $22.62. The company has a fifty day moving average of $20.71 and a 200-day moving average of $19.76. The stock has a market capitalization of $565.21 million, a price-to-earnings ratio of 10.39 and a beta of 0.63.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, October 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $43.23 million for the quarter, compared to analysts’ expectations of $43.20 million. Bridgewater Bancshares had a net margin of 19.27% and a return on equity of 11.60%. Equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on BWB shares. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Thursday, August 6th. Piper Sandler boosted their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. Four equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $23.67.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BWB. Tectonic Advisors LLC boosted its holdings in shares of Bridgewater Bancshares by 18.1% during the third quarter. Tectonic Advisors LLC now owns 88,744 shares of the company’s stock worth $1,790,000 after purchasing an additional 13,622 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Bridgewater Bancshares during the 2nd quarter valued at about $407,000. Squarepoint Ops LLC increased its holdings in Bridgewater Bancshares by 13.5% during the 2nd quarter. Squarepoint Ops LLC now owns 106,492 shares of the company’s stock valued at $2,241,000 after purchasing an additional 12,627 shares during the period. Ancora Advisors LLC increased its holdings in Bridgewater Bancshares by 1.0% during the 2nd quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock valued at $5,020,000 after purchasing an additional 2,340 shares during the period. Finally, Empowered Funds LLC bought a new position in Bridgewater Bancshares during the 2nd quarter valued at approximately $2,086,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.