Bridgewater Bancshares (NASDAQ:BWB) CFO Sells 9,651 Shares of Company Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph Chybowski sold 9,651 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $20.43, for a total value of $197,169.93. Following the completion of the sale, the chief financial officer owned 108,850 shares in the company, valued at approximately $2,223,805.50. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock traded up $0.41 during mid-day trading on Wednesday, reaching $20.73. 115,279 shares of the stock traded hands, compared to its average volume of 118,747. The business has a 50-day moving average of $20.74 and a 200 day moving average of $19.74. Bridgewater Bancshares, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.62. The stock has a market capitalization of $577.95 million, a PE ratio of 10.63 and a beta of 0.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $43.23 million for the quarter, compared to the consensus estimate of $43.20 million. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. On average, analysts predict that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current year.

Institutional Trading of Bridgewater Bancshares

Several large investors have recently added to or reduced their stakes in BWB. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter worth $32,000. Legal & General Group Plc acquired a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at about $45,000. NewEdge Advisors LLC purchased a new stake in shares of Bridgewater Bancshares in the first quarter valued at about $263,000. Cetera Investment Advisers grew its holdings in shares of Bridgewater Bancshares by 6.5% in the first quarter. Cetera Investment Advisers now owns 17,235 shares of the company’s stock valued at $305,000 after purchasing an additional 1,059 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Bridgewater Bancshares during the second quarter worth about $369,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWB has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bridgewater Bancshares in a research note on Monday, September 14th. Stephens upgraded shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Thursday, August 6th. Finally, Piper Sandler raised their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Bridgewater Bancshares currently has an average rating of “Buy” and a consensus price target of $23.67.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.