Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Sells 4,166 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) CEO Jerry J. Baack sold 4,166 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $16.64, for a total transaction of $69,322.24. Following the transaction, the chief executive officer now owns 1,194,642 shares of the company’s stock, valued at approximately $19,878,842.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Price Performance

BWB opened at $16.80 on Friday. The firm has a market cap of $469.98 million, a P/E ratio of 10.77 and a beta of 0.67. The firm has a 50-day moving average of $16.04 and a 200 day moving average of $16.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 0.99. Bridgewater Bancshares, Inc. has a fifty-two week low of $14.97 and a fifty-two week high of $20.05.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last issued its earnings results on Thursday, April 28th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. The firm had revenue of $31.74 million during the quarter, compared to analyst estimates of $30.71 million. Bridgewater Bancshares had a net margin of 33.29% and a return on equity of 15.34%. On average, research analysts expect that Bridgewater Bancshares, Inc. will post 1.67 EPS for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWB. River Oaks Capital LLC bought a new position in Bridgewater Bancshares during the fourth quarter worth about $2,549,000. Gator Capital Management LLC boosted its position in Bridgewater Bancshares by 101.5% during the first quarter. Gator Capital Management LLC now owns 163,425 shares of the company’s stock worth $2,726,000 after purchasing an additional 82,340 shares during the period. EJF Capital LLC boosted its position in shares of Bridgewater Bancshares by 18.5% in the first quarter. EJF Capital LLC now owns 455,381 shares of the company’s stock valued at $7,596,000 after acquiring an additional 70,964 shares during the period. Waypoint Capital Advisors LLC bought a new position in shares of Bridgewater Bancshares in the fourth quarter valued at approximately $708,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bridgewater Bancshares by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 399,704 shares of the company’s stock valued at $6,667,000 after acquiring an additional 37,471 shares during the period. Institutional investors own 48.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley reduced their price target on shares of Bridgewater Bancshares from $18.00 to $16.00 in a research report on Monday, July 11th.

Bridgewater Bancshares Company Profile

(Get Rating)

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

See Also

Insider Buying and Selling by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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