Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells 5,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas P. Trutna sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the completion of the sale, the director now directly owns 102,072 shares of the company’s stock, valued at $1,440,235.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Stock Down 1.1 %

NASDAQ BWB traded down $0.15 on Thursday, reaching $13.81. 16,436 shares of the stock traded hands, compared to its average volume of 53,899. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.02 and a current ratio of 1.02. The company has a fifty day moving average price of $13.06 and a 200-day moving average price of $12.04. The company has a market cap of $378.03 million, a price-to-earnings ratio of 12.22 and a beta of 0.68. Bridgewater Bancshares, Inc. has a 12 month low of $8.00 and a 12 month high of $14.90.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $62.64 million during the quarter, compared to analyst estimates of $26.60 million. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. During the same period in the previous year, the company posted $0.31 EPS. As a group, research analysts forecast that Bridgewater Bancshares, Inc. will post 1 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Bridgewater Bancshares by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock valued at $12,243,000 after purchasing an additional 7,223 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after acquiring an additional 37,090 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock valued at $3,972,000 after acquiring an additional 53,024 shares during the period. Stieven Capital Advisors L.P. increased its holdings in shares of Bridgewater Bancshares by 94.8% in the 1st quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company’s stock valued at $3,428,000 after acquiring an additional 143,376 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Bridgewater Bancshares by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after acquiring an additional 4,450 shares during the period. 65.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BWB shares. Piper Sandler raised their price target on Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. DA Davidson raised their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 26th.

Bridgewater Bancshares Company Profile

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.