Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa M. Salazar Sells 3,737 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) COO Lisa M. Salazar sold 3,737 shares of the 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 transaction, the chief operating officer now directly owns 32,335 shares of the company's stock, valued at approximately $465,624. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgewater Bancshares Trading Up 1.8%

Bridgewater Bancshares stock traded up $0.26 during midday trading on Friday, reaching $14.81. 58,907 shares of the stock traded hands, compared to its average volume of 64,068. The firm has a market cap of $406.25 million, a PE ratio of 14.37 and a beta of 0.52. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $14.32 and a two-hundred day simple moving average of $14.21. Bridgewater Bancshares, Inc. has a 12-month low of $10.52 and a 12-month high of $16.34.

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

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Bridgewater Bancshares

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

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.