Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 10,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 10,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $22.48, for a total transaction of $224,800.00. Following the completion of the sale, the chief executive officer directly owned 1,123,769 shares in the company, valued at approximately $25,262,327.12. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Trading Up 0.1%

Bridgewater Bancshares stock opened at $22.35 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $21.04 and a two-hundred day moving average price of $19.40. The firm has a market capitalization of $623.12 million, a price-to-earnings ratio of 12.15 and a beta of 0.57. Bridgewater Bancshares, Inc. has a 52-week low of $15.35 and a 52-week high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. Sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in Bridgewater Bancshares in the second quarter worth approximately $32,000. BNP Paribas Financial Markets raised its stake in shares of Bridgewater Bancshares by 78.1% in 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. Legal & General Group Plc bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth $45,000. State of Alaska Department of Revenue lifted its holdings 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 during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares in the first quarter valued at $178,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Ratings Changes

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

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.