Jerry Baack Sells 15,561 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Jerry Baack sold 15,561 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $16.58, for a total value of $258,001.38. Following the completion of the sale, the chief executive officer owned 1,189,361 shares in the company, valued at approximately $19,719,605.38. The trade was a 1.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Trading Up 0.1%

NASDAQ BWB opened at $16.64 on Friday. The stock has a market cap of $457.27 million, a PE ratio of 12.51 and a beta of 0.64. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $18.01. The company’s 50-day moving average price is $16.91 and its 200-day moving average price is $16.08. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The company had revenue of $26.75 million during the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. Equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

BWB has been the subject of a number of research reports. Zacks Research lowered Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, October 8th. DA Davidson reissued a “buy” rating and set a $21.00 price target on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Finally, Piper Sandler raised their price target on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Bridgewater Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Trading of Bridgewater Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Bridgewater Bancshares by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 57,814 shares of the company’s stock worth $803,000 after acquiring an additional 2,161 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Bridgewater Bancshares by 2.3% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 48,781 shares of the company’s stock valued at $678,000 after purchasing an additional 1,099 shares in the last quarter. Nuveen LLC purchased a new position in Bridgewater Bancshares in the first quarter valued at about $776,000. American Century Companies Inc. raised its holdings in Bridgewater Bancshares by 24.4% in the first quarter. American Century Companies Inc. now owns 385,997 shares of the company’s stock worth $5,361,000 after purchasing an additional 75,730 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its holdings in Bridgewater Bancshares by 0.6% in the first quarter. Tradition Wealth Management LLC now owns 357,516 shares of the company’s stock worth $4,966,000 after purchasing an additional 2,175 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

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.