Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CEO Sells $405,000.00 in Stock

Key Points

• CEO Jerry Baack sold 20,000 shares for $405,000 at an average price of $20.25, reducing his position by 1.70%; he retained 1,157,769 shares.
• Bridgewater Bancshares reported quarterly EPS of $0.49, beating the $0.47 analyst consensus, while revenue of $43.23 million was slightly above estimates.
• Analysts maintain a consensus Buy rating with a $23.67 price target; four analysts rate the stock Buy.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) 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 transaction, the chief executive officer owned 1,157,769 shares in the company, valued at approximately $23,444,822.25. This trade represents a 1.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Performance

BWB traded up $0.41 during trading on Wednesday, hitting $20.73. The company's stock had a trading volume of 115,279 shares, compared to its average volume of 118,747. The business's 50 day simple moving average is $20.74 and its 200-day simple moving average is $19.74. Bridgewater Bancshares, Inc. has a one year low of $16.06 and a one year high of $22.62. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06. The firm has a market cap of $577.95 million, a PE ratio of 10.63 and a beta of 0.63.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. The business had revenue of $43.23 million during the quarter, compared to analyst estimates of $43.20 million. Bridgewater Bancshares had a net margin of 19.27% and a return on equity of 11.60%. As a group, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors have recently added to or reduced their stakes in BWB. Northwestern Mutual Wealth Management Co. acquired a new position in Bridgewater Bancshares during the second quarter worth $32,000. Legal & General Group Plc acquired a new stake in Bridgewater Bancshares in the 2nd quarter worth about $45,000. NewEdge Advisors LLC purchased a new position in Bridgewater Bancshares in the 1st quarter valued at $263,000. Cetera Investment Advisers grew its holdings in shares of Bridgewater Bancshares by 6.5% during the first quarter. Cetera Investment Advisers now owns 17,235 shares of the company's stock worth $305,000 after buying an additional 1,059 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Bridgewater Bancshares by 64.9% in the first quarter. Sei Investments Co. now owns 17,858 shares of the company's stock worth $316,000 after buying an additional 7,031 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.

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.

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