Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $92,873.52 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director James Johnson sold 4,712 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $19.71, for a total value of $92,873.52. Following the completion of the transaction, the director owned 95,348 shares of the company’s stock, valued at $1,879,309.08. The trade was a 4.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $19.97 on Monday. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $20.30. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The business has a 50 day moving average price of $18.36 and a 200 day moving average price of $17.23. The company has a market capitalization of $550.87 million, a P/E ratio of 13.31 and a beta of 0.65.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 11.07%. The firm had revenue of $38.84 million during the quarter, compared to the consensus estimate of $36.10 million. Sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of 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 during the last quarter. CWM LLC boosted its stake in Bridgewater Bancshares by 182.1% during the second quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after buying an additional 1,590 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Bridgewater Bancshares by 253.6% in the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after purchasing an additional 2,762 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth $113,000. Finally, AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares during the first quarter valued at approximately $178,000. 65.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BWB. Stephens started coverage on Bridgewater Bancshares in a report on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price target for the company. Piper Sandler reiterated an “overweight” rating and issued a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, January 21st. Finally, DA Davidson set a $24.00 price target on Bridgewater Bancshares in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $22.33.

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.