Jerry Baack Sells 6,993 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 6,993 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $17.00, for a total value of $118,881.00. Following the completion of the transaction, the chief executive officer directly owned 1,164,361 shares of the company’s stock, valued at $19,794,137. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bridgewater Bancshares Price Performance

Shares of BWB stock traded down $0.03 during mid-day trading on Friday, reaching $16.76. The stock had a trading volume of 55,814 shares, compared to its average volume of 82,831. The company has a market cap of $462.24 million, a P/E ratio of 12.60 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, Inc. has a 12-month low of $11.93 and a 12-month high of $18.01. The business 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 earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The company had revenue of $26.75 million during the quarter. On average, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently modified their holdings of BWB. Gator Capital Management LLC raised its holdings in shares of Bridgewater Bancshares by 0.7% during the 3rd quarter. Gator Capital Management LLC now owns 101,005 shares of the company’s stock valued at $1,778,000 after buying an additional 680 shares during the period. BNP Paribas Financial Markets increased its position in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after acquiring an additional 1,046 shares during the last quarter. First Trust Advisors LP increased its holdings in Bridgewater Bancshares by 6.3% during the 2nd quarter. First Trust Advisors LP now owns 17,826 shares of the company’s stock worth $284,000 after purchasing an additional 1,050 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position 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 buying an additional 1,099 shares in the last quarter. Finally, Sippican Capital Advisors grew its holdings in Bridgewater Bancshares by 1.5% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.