Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Sells $53,812.80 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) COO Lisa M. Salazar sold 3,737 shares of Bridgewater Bancshares stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $14.40, for a total transaction of $53,812.80. Following the sale, the chief operating officer now directly owns 32,335 shares of the company's stock, valued at $465,624. The trade was a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded up $0.43 during midday trading on Friday, hitting $14.98. The stock had a trading volume of 105,622 shares, compared to its average volume of 64,531. The company's 50-day moving average price is $14.34 and its 200-day moving average price is $14.20. The company has a market capitalization of $411.05 million, a P/E ratio of 14.54 and a beta of 0.52. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a fifty-two week low of $10.52 and a fifty-two week high of $16.34.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The business had revenue of $32.29 million during the quarter, compared to analysts' expectations of $29.88 million. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. As a group, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management bought a new stake in Bridgewater Bancshares during the 4th quarter worth approximately $28,000. Tower Research Capital LLC TRC increased its position in shares of Bridgewater Bancshares by 266.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock worth $45,000 after buying an additional 2,441 shares during the period. SG Americas Securities LLC increased its position in shares of Bridgewater Bancshares by 17.6% during the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock worth $112,000 after buying an additional 1,248 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Bridgewater Bancshares during the fourth quarter worth $157,000. Finally, Wells Fargo & Company MN increased its position in shares of Bridgewater Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company's stock worth $158,000 after buying an additional 2,540 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued an "overweight" rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a report on Friday, April 25th.

About Bridgewater Bancshares

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.