Bridgewater Bancshares (NASDAQ:BWB) Posts Earnings Results, Beats Estimates By $0.04 EPS

Bridgewater Bancshares (NASDAQ:BWB) posted its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04, Zacks reports. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%.

Bridgewater Bancshares Stock Up 3.8 %

BWB opened at $14.22 on Friday. The business’s 50-day moving average price is $14.05 and its 200-day moving average price is $14.09. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares has a 12 month low of $10.52 and a 12 month high of $16.00. The company has a market cap of $390.05 million, a P/E ratio of 13.81 and a beta of 0.68.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total transaction of $30,260.00. Following the transaction, the director now directly owns 100,780 shares of the company’s stock, valued at approximately $1,524,801.40. The trade was a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the transaction, the chief financial officer now directly owns 98,416 shares of the company’s stock, valued at approximately $1,526,432.16. The trade was a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,455 shares of company stock valued at $233,903 in the last ninety days. Company insiders own 23.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “buy” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday.

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.