Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) CEO Jerry Baack sold 10,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $22.48, for a total transaction of $224,800.00. Following the completion of the sale, the chief executive officer directly owned 1,123,769 shares in the company, valued at approximately $25,262,327.12. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Bridgewater Bancshares Stock Performance
Shares of BWB opened at $21.61 on Thursday. Bridgewater Bancshares, Inc. has a 12-month low of $15.35 and a 12-month high of $22.62. The stock has a market cap of $602.49 million, a P/E ratio of 11.74 and a beta of 0.57. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $21.08 and a two-hundred day moving average of $19.41.
Bridgewater Bancshares (NASDAQ:BWB – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The business had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.
Hedge Funds Weigh In On Bridgewater Bancshares
Analysts Set New Price Targets
A number of research firms have recently weighed in on BWB. Piper Sandler boosted their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. DA Davidson reaffirmed a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.67.
View Our Latest Stock Report on Bridgewater Bancshares
About Bridgewater Bancshares
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.
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