Bridgewater Bancshares (NASDAQ:BWB) Issues Quarterly Earnings Results

Bridgewater Bancshares (NASDAQ:BWB) released its quarterly earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04, Zacks reports. Bridgewater Bancshares had a return on equity of 9.02% and a net margin of 13.54%.

Bridgewater Bancshares Trading Up 0.3 %

BWB opened at $13.70 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average price is $14.06 and its 200-day moving average price is $14.08. Bridgewater Bancshares has a one year low of $10.52 and a one year high of $16.00. The stock has a market cap of $375.79 million, a price-to-earnings ratio of 13.05 and a beta of 0.68.

Insider Buying and Selling

In related news, Director Thomas P. Trutna sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total value of $30,260.00. Following the transaction, the director now owns 100,780 shares of the company’s stock, valued at $1,524,801.40. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas J. Parish sold 5,750 shares of the firm’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.05, for a total value of $86,537.50. Following the transaction, the director now owns 1,636 shares in the company, valued at $24,621.80. The trade was a 77.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,455 shares of company stock valued at $233,903. Insiders own 23.21% of the company’s stock.

About Bridgewater Bancshares

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.