Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Sells $71,238.60 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Rating) CEO Jerry J. Baack sold 4,166 shares of the firm’s stock in a transaction that occurred on Wednesday, January 18th. The shares were sold at an average price of $17.10, for a total value of $71,238.60. Following the transaction, the chief executive officer now directly owns 1,199,646 shares of the company’s stock, valued at approximately $20,513,946.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Bridgewater Bancshares Stock Up 0.5 %

Bridgewater Bancshares stock opened at $17.18 on Friday. The firm has a market cap of $474.01 million, a price-to-earnings ratio of 10.35 and a beta of 0.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.52. Bridgewater Bancshares, Inc. has a 12 month low of $14.97 and a 12 month high of $20.20. The stock has a fifty day simple moving average of $18.20 and a two-hundred day simple moving average of $17.71.

Bridgewater Bancshares (NASDAQ:BWB – Get Rating) last issued its earnings results on Thursday, October 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $35.48 million during the quarter, compared to analyst estimates of $35.40 million. Bridgewater Bancshares had a return on equity of 16.38% and a net margin of 33.11%. Equities analysts predict that Bridgewater Bancshares, Inc. will post 1.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. Thrivent Financial for Lutherans boosted its holdings in shares of Bridgewater Bancshares by 3.1% in the third quarter. Thrivent Financial for Lutherans now owns 2,095,443 shares of the company’s stock worth $34,512,000 after buying an additional 63,607 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bridgewater Bancshares by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 971,802 shares of the company’s stock valued at $16,005,000 after acquiring an additional 22,980 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Bridgewater Bancshares by 11.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 528,779 shares of the company’s stock worth $8,709,000 after purchasing an additional 56,353 shares in the last quarter. EJF Capital LLC raised its holdings in Bridgewater Bancshares by 18.5% in the 1st quarter. EJF Capital LLC now owns 455,381 shares of the company’s stock worth $7,596,000 after purchasing an additional 70,964 shares during the period. Finally, State Street Corp lifted its position in Bridgewater Bancshares by 1.1% during the first quarter. State Street Corp now owns 431,842 shares of the company’s stock valued at $7,203,000 after purchasing an additional 4,638 shares in the last quarter. Institutional investors own 49.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on BWB. Piper Sandler raised their price target on Bridgewater Bancshares to $20.50 in a report on Tuesday, November 1st. Hovde Group raised their price objective on shares of Bridgewater Bancshares to $22.00 in a research note on Tuesday, November 1st. Finally, DA Davidson upped their target price on shares of Bridgewater Bancshares to $21.00 in a research note on Tuesday, November 1st.

About Bridgewater Bancshares

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Bridgewater Bancshares, Inc is a holding company, which provides retail and commercial loan and deposit services. It offers deposits, lending, professional services, and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is headquartered in Bloomington, MN.