Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Sells $160,100.00 in Stock

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 the business's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $16.01, for a total value of $160,100.00. Following the transaction, the chief executive officer directly owned 1,214,361 shares in the company, valued at $19,441,919.61. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB traded up $0.16 during trading on Tuesday, hitting $15.95. The company had a trading volume of 1,618 shares, compared to its average volume of 72,230. The stock has a 50 day simple moving average of $15.89 and a 200 day simple moving average of $14.85. The firm has a market capitalization of $438.17 million, a P/E ratio of 13.07 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $17.66.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its stake in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after purchasing an additional 1,046 shares in the last quarter. CWM LLC lifted its stake in shares of Bridgewater Bancshares by 182.1% in the 2nd quarter. CWM LLC now owns 2,463 shares of the company's stock valued at $39,000 after purchasing an additional 1,590 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Bridgewater Bancshares by 266.2% during the 4th 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 during the last quarter. Wells Fargo & Company MN increased 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 acquiring an additional 2,540 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Bridgewater Bancshares in the fourth quarter worth about $171,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.