Bridgewater Bancshares (NASDAQ:BWB) COO Sells $36,366.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa Salazar sold 2,175 shares of Bridgewater Bancshares stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $16.72, for a total transaction of $36,366.00. Following the sale, the chief operating officer owned 32,091 shares of the company’s stock, valued at approximately $536,561.52. This represents a 6.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgewater Bancshares Trading Up 0.1%

Shares of BWB traded up $0.01 on Friday, reaching $16.64. 82,342 shares of the company’s stock were exchanged, compared to its average volume of 83,039. The business has a 50 day moving average price of $16.91 and a two-hundred day moving average price of $16.03. 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 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 (NASDAQ:BWB) last released its earnings results on Tuesday, February 18th. The company reported $0.28 EPS for the quarter. The firm 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 anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BWB. DA Davidson reaffirmed a “buy” rating and set a $21.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Piper Sandler boosted their target price on Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Zacks Research cut Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.50.

Institutional Trading of Bridgewater Bancshares

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its holdings in 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 during the period. First Trust Advisors LP increased its position in shares of Bridgewater Bancshares by 6.3% during the second quarter. First Trust Advisors LP now owns 17,826 shares of the company’s stock worth $284,000 after acquiring an additional 1,050 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Bridgewater Bancshares by 2.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company’s stock worth $678,000 after acquiring an additional 1,099 shares during the period. Sippican Capital Advisors raised its holdings in shares of Bridgewater Bancshares by 1.5% during the second quarter. Sippican Capital Advisors now owns 97,610 shares of the company’s stock worth $1,553,000 after acquiring an additional 1,400 shares during the period. Finally, Bridgeway Capital Management LLC lifted its position in Bridgewater Bancshares by 2.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 78,240 shares of the company’s stock valued at $1,245,000 after acquiring an additional 1,570 shares in the last quarter. 65.83% of the stock is owned by 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.