Key Points
- CEO Jerry Baack sold 10,000 shares of Bridgewater Bancshares at an average price of $22.48, generating $224,800. He retained 1,123,769 shares, with the sale reducing his stake by 0.88%.
- BWB shares opened at $22.35, near their 12-month high of $22.62, while the company reported quarterly EPS of $0.45, matching analyst expectations. Revenue was $40.89 million, slightly below the $41.43 million consensus.
- Analysts maintain a favorable outlook, with four Buy ratings and one Hold, producing a consensus “Moderate Buy” rating and an average price target of $23.67. Institutional investors own 65.83% of the stock.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) CEO Jerry Baack sold 10,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $22.48, for a total transaction of $224,800.00. Following the completion of the transaction, the chief executive officer directly owned 1,123,769 shares in the company, valued at $25,262,327.12. This represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bridgewater Bancshares Stock Up 0.1%
BWB stock opened at $22.35 on Wednesday. The firm has a market cap of $623.12 million, a PE ratio of 12.15 and a beta of 0.57. 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 firm has a 50 day simple moving average of $21.04 and a 200 day simple moving average of $19.40. Bridgewater Bancshares, Inc. has a 12 month low of $15.35 and a 12 month high of $22.62.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The business had revenue of $40.89 million for the quarter, compared to analysts' expectations of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. Equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Bridgewater Bancshares
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Bridgewater Bancshares in the second quarter worth approximately $37,145,000. Alliancebernstein L.P. grew its position in Bridgewater Bancshares by 181.8% during the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company's stock valued at $22,567,000 after purchasing an additional 827,141 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new position in Bridgewater Bancshares during the second quarter valued at approximately $9,145,000. Ancora Advisors LLC acquired a new position in Bridgewater Bancshares in the 2nd quarter valued at approximately $5,020,000. Finally, Hodges Capital Management Inc. acquired a new position in Bridgewater Bancshares in the 4th quarter valued at approximately $3,862,000. 65.83% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on BWB shares. Stephens upgraded shares of Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a report on Thursday, August 6th. 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. Piper Sandler raised their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Finally, DA Davidson reiterated a "buy" rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.67.
View Our Latest Stock Analysis on Bridgewater Bancshares
Bridgewater Bancshares Company Profile
(
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.
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