Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) CFO Sells $197,169.93 in Stock

Key Points

• CFO Joseph Chybowski sold 9,651 shares for about $197,170 at an average price of $20.43, reducing his direct stake by 8.14% to 108,850 shares.
• Bridgewater Bancshares beat quarterly earnings expectations, reporting EPS of $0.49 versus analysts’ $0.47 estimate, and revenue of $43.23 million.
• Analysts hold a consensus Buy rating, with an average price target of $23.67; shares traded at $20.73 on Wednesday.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CFO Joseph Chybowski sold 9,651 shares of the firm's stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $20.43, for a total transaction of $197,169.93. Following the transaction, the chief financial officer directly owned 108,850 shares of the company's stock, valued at approximately $2,223,805.50. This trade represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB traded up $0.41 during mid-day 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. Bridgewater Bancshares, Inc. has a 1 year low of $16.06 and a 1 year high of $22.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $577.95 million, a price-to-earnings ratio of 10.63 and a beta of 0.63. The business's fifty day moving average is $20.74 and its two-hundred day moving average is $19.74.

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

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. Tectonic Advisors LLC increased its holdings in Bridgewater Bancshares by 18.1% in the 3rd quarter. Tectonic Advisors LLC now owns 88,744 shares of the company's stock worth $1,790,000 after acquiring an additional 13,622 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Bridgewater Bancshares during the second quarter worth $407,000. Squarepoint Ops LLC lifted 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 purchasing an additional 12,627 shares in the last quarter. Ancora Advisors LLC lifted 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 purchasing an additional 2,340 shares in the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Bridgewater Bancshares in the second quarter valued at about $2,086,000. Institutional investors and hedge funds own 65.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Bridgewater Bancshares

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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