Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Insider Sells 4,688 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider Nicholas Place sold 4,688 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $19.27, for a total value of $90,337.76. Following the completion of the sale, the insider directly owned 139,622 shares in the company, valued at $2,690,515.94. This represents a 3.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Stock Up 0.9%

BWB stock traded up $0.17 during mid-day trading on Monday, reaching $19.42. The company had a trading volume of 147,341 shares, compared to its average volume of 75,336. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $541.49 million, a price-to-earnings ratio of 10.97 and a beta of 0.58. The firm has a fifty day simple moving average of $18.48 and a 200 day simple moving average of $18.29. Bridgewater Bancshares, Inc. has a fifty-two week low of $14.79 and a fifty-two week high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The business had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. Analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its stake in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after buying an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares during the 1st quarter worth approximately $178,000. LPL Financial LLC raised its position in shares of Bridgewater Bancshares by 7.8% during the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after purchasing an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Bridgewater Bancshares by 14.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock worth $218,000 after purchasing an additional 1,535 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BWB. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. DA Davidson reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.