Key Points
- CFO Joseph Chybowski sold 5,211 shares on December 10 at an average price of $18.05 for $94,058.55, trimming his stake by 4.71% to 105,349 shares, as disclosed in an SEC Form 4 filing.
- The stock trades near its 52-week high (opened $18.76; 52-week range $11.93–$18.87) with a market cap of about $517.5 million and a P/E ratio of 14.11.
- Analyst coverage is mixed—two Buy ratings and three Hold ratings—yielding an average target price of roughly $20.33.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CFO Joseph Chybowski sold 5,211 shares of the company's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $18.05, for a total transaction of $94,058.55. Following the completion of the sale, the chief financial officer directly owned 105,349 shares of the company's stock, valued at $1,901,549.45. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Bridgewater Bancshares Stock Performance
NASDAQ BWB opened at $18.76 on Friday. The firm has a market cap of $517.49 million, a P/E ratio of 14.11 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 52-week low of $11.93 and a 52-week high of $18.87. The business's 50-day moving average price is $17.16 and its 200 day moving average price is $16.43. 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 (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share 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 during the quarter. On average, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Stephens initiated coverage on shares of Bridgewater Bancshares in a research note on Wednesday. They issued an "equal weight" rating and a $20.00 price objective on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Bridgewater Bancshares from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 23rd. Finally, DA Davidson reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Bridgewater Bancshares presently has an average rating of "Hold" and an average target price of $20.33.
Check Out Our Latest Report on BWB
Hedge Funds Weigh In On Bridgewater Bancshares
Large investors have recently made changes to their positions in the stock. Qube Research & Technologies Ltd lifted its stake in shares of Bridgewater Bancshares by 11.9% in the third quarter. Qube Research & Technologies Ltd now owns 64,823 shares of the company's stock valued at $1,141,000 after purchasing an additional 6,879 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in Bridgewater Bancshares by 2.3% in the third quarter. Punch & Associates Investment Management Inc. now owns 433,960 shares of the company's stock valued at $7,638,000 after buying an additional 9,960 shares in the last quarter. Brevan Howard Capital Management LP acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at approximately $232,000. Alliancebernstein L.P. boosted its stake in shares of Bridgewater Bancshares by 181.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company's stock worth $22,567,000 after acquiring an additional 827,141 shares in the last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $3,426,000. 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.
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