Key Points
- CEO Jerry Baack sold 10,000 Bridgewater Bancshares shares at an average price of $22.03, generating $220,300. He retains 1,148,769 shares, so the transaction reduced his position by 0.86%.
- Bridgewater Bancshares reported quarterly EPS of $0.45, matching estimates, while revenue of $40.89 million came in below the $41.43 million consensus forecast.
- Analysts maintain a favorable outlook, with four Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $23.67. Institutional investors own 65.83% of the company.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CEO Jerry Baack sold 10,000 shares of Bridgewater Bancshares stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the sale, the chief executive officer owned 1,148,769 shares of the company's stock, valued at approximately $25,307,381.07. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Bridgewater Bancshares Trading Down 0.0%
BWB opened at $22.23 on Friday. Bridgewater Bancshares, Inc. has a 12-month low of $15.35 and a 12-month high of $22.62. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $619.86 million, a PE ratio of 12.08 and a beta of 0.57. The firm's fifty day moving average price is $20.93 and its 200 day moving average price is $19.34.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $40.89 million during the quarter, compared to analyst estimates of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. As a group, research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
BWB has been the subject of a number of research reports. Weiss Ratings upgraded Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, June 18th. DA Davidson restated a "buy" rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Stephens raised Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a report on Thursday, August 6th. Finally, Piper Sandler lifted their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Bridgewater Bancshares currently has an average rating of "Moderate Buy" and an average target price of $23.67.
Get Our Latest Research Report on BWB
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of BWB. BlackRock Inc. bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter valued at about $37,145,000. Alliancebernstein L.P. lifted its holdings in Bridgewater Bancshares by 181.8% in the third 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 during the last quarter. Vanguard Group Inc. lifted its holdings in Bridgewater Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company's stock worth $20,326,000 after acquiring an additional 25,566 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Bridgewater Bancshares by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company's stock valued at $18,735,000 after acquiring an additional 25,899 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Bridgewater Bancshares by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company's stock valued at $8,699,000 after acquiring an additional 15,192 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.
About Bridgewater Bancshares
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
