Jerry Baack Sells 11,334 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 11,334 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $20.91, for a total transaction of $236,993.94. Following the completion of the transaction, the chief executive officer directly owned 1,158,769 shares in the company, valued at $24,229,859.79. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Stock Down 1.5%

BWB stock opened at $20.50 on Friday. Bridgewater Bancshares, Inc. has a 12 month low of $14.90 and a 12 month high of $22.59. The firm has a market cap of $571.60 million, a PE ratio of 11.14 and a beta of 0.57. The firm has a 50 day simple moving average of $20.36 and a 200 day simple moving average of $19.10. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 1.06.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The firm had revenue of $40.89 million during the quarter, compared to analysts’ expectations of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.42%. Equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Piper Sandler boosted their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, DA Davidson reaffirmed a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.