Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) CEO Sells $69,947.14 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) CEO Jerry J. Baack sold 4,166 shares of the company’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $16.79, for a total transaction of $69,947.14. Following the sale, the chief executive officer now owns 1,207,140 shares in the company, valued at $20,267,880.60. The sale was disclosed in a filing with the SEC, which is available at this link.

Bridgewater Bancshares stock opened at $16.57 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.99 and a quick ratio of 0.99. Bridgewater Bancshares, Inc. has a 1-year low of $15.22 and a 1-year high of $20.05. The firm has a market capitalization of $467.39 million, a P/E ratio of 10.76 and a beta of 0.73. The company’s 50-day moving average is $16.94 and its 200 day moving average is $17.54.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last posted its quarterly earnings data on Thursday, January 27th. The company reported $0.39 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.39. Bridgewater Bancshares had a net margin of 34.05% and a return on equity of 15.58%. The company had revenue of $30.44 million for the quarter, compared to analyst estimates of $30.73 million. Research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.63 earnings per share for the current fiscal year.

Several analysts have recently issued reports on BWB shares. Zacks Investment Research cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. B. Riley decreased their target price on shares of Bridgewater Bancshares from $23.00 to $21.00 in a research report on Tuesday, April 12th.

A number of hedge funds have recently modified their holdings of the business. Deutsche Bank AG grew its stake in Bridgewater Bancshares by 5.0% in the 4th quarter. Deutsche Bank AG now owns 12,789 shares of the company’s stock worth $226,000 after acquiring an additional 604 shares in the last quarter. First Trust Advisors LP grew its stake in Bridgewater Bancshares by 6.9% in the 4th quarter. First Trust Advisors LP now owns 13,025 shares of the company’s stock worth $230,000 after acquiring an additional 837 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Bridgewater Bancshares by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 80,348 shares of the company’s stock worth $1,407,000 after acquiring an additional 900 shares in the last quarter. Citigroup Inc. grew its stake in Bridgewater Bancshares by 83.2% in the 3rd quarter. Citigroup Inc. now owns 2,286 shares of the company’s stock worth $40,000 after acquiring an additional 1,038 shares in the last quarter. Finally, UBS Group AG grew its stake in Bridgewater Bancshares by 128.4% in the 3rd quarter. UBS Group AG now owns 1,898 shares of the company’s stock worth $33,000 after acquiring an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 48.79% of the company’s stock.

Bridgewater Bancshares Company Profile (Get Rating)

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers 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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