Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 15,561 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,561 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $16.58, for a total transaction of $258,001.38. Following the completion of the sale, the chief executive officer owned 1,189,361 shares of the company’s stock, valued at $19,719,605.38. This represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Trading Up 0.1%

Shares of BWB stock opened at $16.64 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $18.01. The stock has a market capitalization of $457.27 million, a P/E ratio of 12.51 and a beta of 0.64. The firm’s 50 day moving average is $16.91 and its 200 day moving average is $16.05.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $26.75 million during the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. Research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on BWB shares. Piper Sandler increased their target price on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, July 28th. DA Davidson reaffirmed a “buy” rating and set a $21.00 price target on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Bridgewater Bancshares by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after purchasing an additional 25,566 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Bridgewater Bancshares by 3.7% in the second quarter. Geode Capital Management LLC now owns 466,941 shares of the company’s stock worth $7,431,000 after buying an additional 16,578 shares in the last quarter. American Century Companies Inc. boosted its stake in Bridgewater Bancshares by 13.8% during the second quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after buying an additional 53,258 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Bridgewater Bancshares by 2.7% during the first quarter. Acadian Asset Management LLC now owns 370,052 shares of the company’s stock valued at $5,138,000 after buying an additional 9,588 shares during the last quarter. Finally, Tradition Wealth Management LLC boosted its stake in Bridgewater Bancshares by 0.6% during the first quarter. Tradition Wealth Management LLC now owns 357,516 shares of the company’s stock valued at $4,966,000 after buying an additional 2,175 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.