Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Sells 20,000 Shares of Stock

Key Points

• Bridgewater Bancshares CEO Jerry J. Baack sold 20,000 shares at $16.02 each, amounting to a total transaction of $320,400, reducing his stake by 1.61%.
• The company's recent earnings report showed earnings per share (EPS) of $0.37, exceeding analyst expectations, with revenue of $35.61 million.
• Analysts have increased their price targets for Bridgewater Bancshares, with Piper Sandler and DA Davidson both raising their price objectives to $20.00, indicating a positive outlook.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CEO Jerry J. Baack sold 20,000 shares of the business's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $16.02, for a total transaction of $320,400.00. Following the sale, the chief executive officer owned 1,224,361 shares of the company's stock, valued at $19,614,263.22. This trade represents a 1.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Bridgewater Bancshares Trading Down 1.4%

BWB stock traded down $0.22 on Thursday, reaching $15.56. The company's stock had a trading volume of 61,757 shares, compared to its average volume of 73,885. The business has a fifty day simple moving average of $15.65 and a two-hundred day simple moving average of $14.64. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $17.66. The firm has a market cap of $426.97 million, a PE ratio of 12.75 and a beta of 0.54. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.00 and a current ratio of 1.00.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The business had revenue of $35.61 million during the quarter, compared to the consensus estimate of $32.03 million. Bridgewater Bancshares had a return on equity of 9.83% and a net margin of 14.03%. As a group, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several large investors have recently bought and sold shares of the business. Next Century Growth Investors LLC purchased a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $3,989,000. Fourthstone LLC purchased a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $2,856,000. Basswood Capital Management L.L.C. purchased a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $2,749,000. JPMorgan Chase & Co. lifted its holdings in Bridgewater Bancshares by 303.8% in the 4th quarter. JPMorgan Chase & Co. now owns 123,417 shares of the company's stock worth $1,667,000 after purchasing an additional 92,855 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in Bridgewater Bancshares by 59.0% in the 4th quarter. Kennedy Capital Management LLC now owns 223,797 shares of the company's stock worth $3,023,000 after purchasing an additional 83,049 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on BWB shares. Piper Sandler upped 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. DA Davidson increased their price objective on Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, July 25th.

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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