Bridgewater Bancshares (NASDAQ:BWB) CFO Sells $132,720.00 in Stock

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

Bridgewater Bancshares Stock Performance

NASDAQ BWB traded up $0.17 during trading hours on Friday, hitting $19.25. The company had a trading volume of 122,570 shares, compared to its average volume of 74,664. The business has a 50 day moving average of $18.45 and a 200-day moving average of $18.27. The company has a market cap of $536.75 million, a PE ratio of 10.88 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 1-year low of $14.74 and a 1-year high of $20.30. 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 posted its earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $38.96 million for the quarter, compared to analyst estimates of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. As a group, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds have recently added to or reduced their stakes in BWB. BNP Paribas Financial Markets raised its stake in shares of Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after buying an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Bridgewater Bancshares by 253.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares in the last quarter. AQR Capital Management LLC acquired a new position in Bridgewater Bancshares during the first quarter worth $178,000. LPL Financial LLC raised its position in Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after acquiring an additional 855 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Bridgewater Bancshares by 14.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock valued at $218,000 after acquiring an additional 1,535 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

BWB has been the subject of a number of recent research reports. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. DA Davidson reiterated a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Bridgewater Bancshares currently has a consensus rating of “Moderate Buy” and an average target price 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.