Bridgewater Bancshares (NASDAQ:BWB) Insider Nicholas Place Sells 4,688 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider Nicholas Place sold 4,688 shares of Bridgewater Bancshares stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $19.27, for a total transaction of $90,337.76. Following the completion of the transaction, the insider owned 139,622 shares of the company’s stock, valued at $2,690,515.94. The trade was a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $19.42 on Tuesday. The firm’s 50 day moving average is $18.52 and its 200 day moving average is $18.31. The stock has a market capitalization of $541.43 million, a P/E ratio of 10.97 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 12 month low of $14.79 and a 12 month high of $20.30. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The business had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. On average, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several large investors have recently added to or reduced their stakes in BWB. Alliancebernstein L.P. increased its stake in Bridgewater Bancshares by 181.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after acquiring an additional 827,141 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Bridgewater Bancshares by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after acquiring an additional 25,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bridgewater Bancshares by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock valued at $18,735,000 after acquiring an additional 25,899 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Bridgewater Bancshares by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after acquiring an additional 15,192 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its holdings in shares of Bridgewater Bancshares by 1.2% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 438,960 shares of the company’s stock worth $7,695,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. DA Davidson restated a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.67.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.