Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) insider Nicholas Place sold 1,408 shares of the firm's stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $17.63, for a total value of $24,823.04. Following the transaction, the insider directly owned 121,231 shares in the company, valued at $2,137,302.53. This trade represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Bridgewater Bancshares Stock Performance
BWB stock opened at $17.87 on Wednesday. The company has a 50-day simple moving average of $17.07 and a 200 day simple moving average of $16.38. The company has a market capitalization of $492.94 million, a P/E ratio of 13.44 and a beta of 0.65. 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 fifty-two week low of $11.93 and a fifty-two week high of $18.16.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.28 EPS for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The firm had revenue of $26.75 million for the quarter. Sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Zacks Research cut Bridgewater Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Finally, DA Davidson restated a "buy" rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.50.
View Our Latest Stock Analysis on BWB
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Bridgewater Bancshares by 78.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after acquiring an additional 1,046 shares in the last quarter. CWM LLC lifted its holdings in shares of Bridgewater Bancshares by 182.1% in 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 in the last quarter. Palouse Capital Management Inc. acquired a new stake in shares of Bridgewater Bancshares in the third quarter worth $113,000. AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares in the first quarter worth $178,000. Finally, Brevan Howard Capital Management LP purchased a new position in shares of Bridgewater Bancshares during the third quarter valued at $232,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.
Bridgewater Bancshares Company Profile
(
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.
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