Key Points
- Bridgewater CEO Jerry Baack sold 6,993 shares on Nov. 13 at an average price of $17.00 for $118,881, leaving him with 1,164,361 shares (a 0.60% reduction in his stake valued at about $19.79M).
- BWB shares traded down 0.2% to $16.76, with a 12‑month range of $11.93–$18.01, a market cap of $462.24M and a P/E of 12.60.
- Analyst and institutional backdrop is cautiously positive: the consensus rating is "Moderate Buy" with a $20.50 target (two Buy, two Hold), and institutions hold roughly 65.83% of the stock.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CEO Jerry Baack sold 6,993 shares of the firm's stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $17.00, for a total value of $118,881.00. Following the sale, the chief executive officer directly owned 1,164,361 shares of the company's stock, valued at $19,794,137. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Bridgewater Bancshares Stock Down 0.2%
NASDAQ:BWB traded down $0.03 during trading hours on Friday, reaching $16.76. The company's stock had a trading volume of 55,814 shares, compared to its average volume of 120,889. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $18.01. The stock has a 50 day moving average price of $16.96 and a two-hundred day moving average price of $16.15. The company has a market capitalization of $462.24 million, a P/E ratio of 12.60 and a beta of 0.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The business had revenue of $26.75 million for the quarter. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%. Equities analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts have commented on BWB shares. Zacks Research cut shares of Bridgewater Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Piper Sandler upped their price target on Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Finally, DA Davidson reaffirmed a "buy" rating and set a $21.00 price target on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.
Check Out Our Latest Research Report on BWB
Institutional Trading of Bridgewater Bancshares
A number of institutional investors have recently modified their holdings of the company. Ancora Advisors LLC purchased a new stake in Bridgewater Bancshares during the 3rd quarter worth $3,426,000. Two Sigma Investments LP lifted its stake in Bridgewater Bancshares by 1.6% in the third quarter. Two Sigma Investments LP now owns 92,884 shares of the company's stock valued at $1,635,000 after buying an additional 1,431 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Bridgewater Bancshares by 2.8% in the third quarter. Bridgeway Capital Management LLC now owns 80,441 shares of the company's stock valued at $1,416,000 after purchasing an additional 2,201 shares during the period. Squarepoint Ops LLC boosted its position in shares of Bridgewater Bancshares by 11.9% during the third quarter. Squarepoint Ops LLC now owns 56,377 shares of the company's stock worth $992,000 after buying an additional 5,981 shares during the period. Finally, Rhino Investment Partners Inc grew its holdings in Bridgewater Bancshares by 4.6% in the 3rd quarter. Rhino Investment Partners Inc now owns 336,188 shares of the company's stock worth $5,917,000 after buying an additional 14,760 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company's stock.
About Bridgewater Bancshares
(
Get Free Report)
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.
Further Reading
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