Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) EVP Sells $26,992.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) EVP Jeffrey D. Shellberg sold 1,687 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $16.00, for a total value of $26,992.00. Following the transaction, the executive vice president directly owned 323,430 shares of the company’s stock, valued at approximately $5,174,880. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Down 1.3%

Bridgewater Bancshares stock opened at $15.75 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.25. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $17.66. The firm has a market cap of $432.81 million, a price-to-earnings ratio of 12.91 and a beta of 0.58. The stock has a fifty day simple moving average of $15.87 and a two-hundred day simple moving average of $14.84.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.35 by $0.02. Bridgewater Bancshares had a return on equity of 9.73% and a net margin of 14.03%. The company had revenue of $35.61 million during the quarter, compared to analyst estimates of $32.03 million. Equities analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BWB has been the subject of a number of analyst reports. DA Davidson raised their price objective on Bridgewater Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Piper Sandler lifted their target price on Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an “overweight” rating in a report on Monday, July 28th.

Institutional Trading of Bridgewater Bancshares

Several large investors have recently modified their holdings of BWB. BNP Paribas Financial Markets grew its holdings in shares of Bridgewater Bancshares by 78.1% in 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 period. CWM LLC lifted its position in Bridgewater Bancshares by 182.1% during the second quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after purchasing an additional 1,590 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Bridgewater Bancshares by 266.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company’s stock valued at $45,000 after purchasing an additional 2,441 shares in the last quarter. Wells Fargo & Company MN lifted its position in Bridgewater Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock valued at $158,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Bridgewater Bancshares during the fourth quarter valued at $171,000. Institutional investors 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.