Bridgewater Bancshares (NASDAQ:BWB) CEO Jerry Baack Sells 20,000 Shares of Company Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 20,000 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $20.25, for a total transaction of $405,000.00. Following the sale, the chief executive officer owned 1,157,769 shares in the company, valued at approximately $23,444,822.25. The trade was a 1.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $20.74 on Thursday. Bridgewater Bancshares, Inc. has a twelve month low of $16.06 and a twelve month high of $22.62. The firm has a market cap of $578.23 million, a P/E ratio of 10.64 and a beta of 0.63. The company has a 50 day moving average of $20.73 and a 200 day moving average of $19.75. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The business had revenue of $43.23 million for the quarter, compared to analysts’ expectations of $43.20 million. As a group, research analysts expect that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Several large investors have recently modified their holdings of the company. Tectonic Advisors LLC boosted its holdings in shares of Bridgewater Bancshares by 18.1% in the third quarter. Tectonic Advisors LLC now owns 88,744 shares of the company’s stock worth $1,790,000 after buying an additional 13,622 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Bridgewater Bancshares during the second quarter valued at approximately $407,000. Squarepoint Ops LLC increased its holdings in Bridgewater Bancshares by 13.5% during the second quarter. Squarepoint Ops LLC now owns 106,492 shares of the company’s stock valued at $2,241,000 after buying an additional 12,627 shares during the last quarter. Ancora Advisors LLC increased its holdings in Bridgewater Bancshares by 1.0% during the second quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock valued at $5,020,000 after buying an additional 2,340 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Bridgewater Bancshares during the second quarter valued at approximately $2,086,000. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on BWB shares. Piper Sandler upped their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. Finally, Stephens raised Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $23.67.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.