Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry J. Baack Sells 11,500 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total transaction of $162,725.00. Following the sale, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at approximately $17,383,473.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Trading Down 1.1 %

NASDAQ BWB opened at $13.81 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.98. Bridgewater Bancshares, Inc. has a 52 week low of $8.00 and a 52 week high of $14.90. The business has a 50 day moving average price of $13.11 and a 200-day moving average price of $12.06. The company has a market cap of $378.03 million, a price-to-earnings ratio of 12.22 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.51%. The business had revenue of $62.64 million during the quarter, compared to the consensus estimate of $26.60 million. During the same quarter last year, the firm posted $0.31 EPS. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares during the second quarter valued at approximately $35,000. New York State Common Retirement Fund boosted its holdings in Bridgewater Bancshares by 28.4% during the 4th quarter. New York State Common Retirement Fund now owns 4,074 shares of the company’s stock worth $55,000 after acquiring an additional 900 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bridgewater Bancshares by 100.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock worth $119,000 after acquiring an additional 5,128 shares during the last quarter. Sei Investments Co. lifted its position in shares of Bridgewater Bancshares by 23.3% during the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after purchasing an additional 2,713 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in Bridgewater Bancshares during the first quarter worth about $170,000. 65.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BWB. Piper Sandler raised their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. DA Davidson upped their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.