Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 18,007 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 18,007 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $17.07, for a total value of $307,379.49. Following the transaction, the chief executive officer owned 1,171,354 shares of the company’s stock, valued at approximately $19,995,012.78. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Bridgewater Bancshares Stock Down 0.2%

Shares of BWB traded down $0.03 during mid-day trading on Friday, hitting $16.76. 55,814 shares of the company’s stock were exchanged, compared to its average volume of 82,831. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $18.01. The company has a market cap of $462.24 million, a PE ratio of 12.60 and a beta of 0.64. The company has a 50-day simple moving average of $16.95 and a 200 day simple moving average of $16.14.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after buying an additional 1,046 shares in the last quarter. CWM LLC boosted its position in Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock worth $39,000 after buying an additional 1,590 shares during the period. Palouse Capital Management Inc. bought a new position in shares of Bridgewater Bancshares during the third quarter valued at $113,000. AQR Capital Management LLC acquired a new stake in Bridgewater Bancshares in the first quarter valued at $178,000. Finally, Quantinno Capital Management LP acquired a new stake in Bridgewater Bancshares in the second quarter valued at $259,000. Institutional investors and hedge funds own 65.83% 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.