Bridgewater Bancshares (NASDAQ:BWB) COO Lisa Salazar Sells 2,175 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) COO Lisa Salazar sold 2,175 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $16.72, for a total value of $36,366.00. Following the sale, the chief operating officer directly owned 32,091 shares in the company, valued at approximately $536,561.52. This represents a 6.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $16.64 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. Bridgewater Bancshares, Inc. has a twelve month low of $11.93 and a twelve month high of $18.01. The business has a 50-day moving average price of $16.91 and a 200-day moving average price of $16.05. The firm has a market cap of $457.27 million, a price-to-earnings ratio of 12.51 and a beta of 0.64.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share (EPS) for the quarter. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%.The company had revenue of $26.75 million for the quarter. As a group, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Zacks Research downgraded shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Piper Sandler increased their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, DA Davidson restated a “buy” rating and set a $21.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.50.

Institutional Trading of Bridgewater Bancshares

Several hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its position in 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 acquiring an additional 1,046 shares in the last quarter. CWM LLC raised its position 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 purchasing an additional 1,590 shares during the period. Palouse Capital Management Inc. bought a new stake in shares of Bridgewater Bancshares in the 3rd quarter valued at approximately $113,000. AQR Capital Management LLC bought a new stake in shares of Bridgewater Bancshares in the 1st quarter valued at approximately $178,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $259,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridgewater Bancshares Company Profile

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