Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry J. Baack Sells 10,000 Shares

Key Points

• Bridgewater Bancshares CEO Jerry J. Baack sold 10,000 shares at an average price of $16.01, totaling $160,100, which reduced his ownership by 0.82% to around 1.21 million shares valued at approximately $19.44 million.
• The company's stock is currently down 1.7% to $15.96, with a market cap of $438.63 million and a P/E ratio of 13.08.
• Analysts have expressed optimism, raising their price targets for Bridgewater Bancshares from $18.00 to $20.00, indicating a generally positive outlook for the company's future performance.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CEO Jerry J. Baack sold 10,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $16.01, for a total transaction of $160,100.00. Following the transaction, the chief executive officer owned 1,214,361 shares in the company, valued at approximately $19,441,919.61. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Bridgewater Bancshares Stock Down 1.7%

Shares of NASDAQ:BWB traded down $0.28 during trading on Thursday, reaching $15.96. 75,075 shares of the company traded hands, compared to its average volume of 72,794. The firm has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $14.80. The firm has a market cap of $438.63 million, a P/E ratio of 13.08 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $17.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $35.61 million during the quarter, compared to analyst estimates of $32.03 million. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. Analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. DA Davidson lifted their target price on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, July 25th.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently modified their holdings of BWB. Fourthstone LLC acquired a new position in Bridgewater Bancshares during the 4th quarter worth $2,856,000. Basswood Capital Management L.L.C. acquired a new position in Bridgewater Bancshares during the 4th quarter worth $2,749,000. CSM Advisors LLC acquired a new position in Bridgewater Bancshares during the 2nd quarter worth $2,973,000. Los Angeles Capital Management LLC acquired a new position in Bridgewater Bancshares during the 2nd quarter worth $2,015,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in Bridgewater Bancshares by 87.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company's stock worth $3,461,000 after acquiring an additional 101,628 shares during the last quarter. Institutional investors and hedge funds 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.

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