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

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

Bridgewater Bancshares Stock Up 3.8 %

BWB opened at $14.22 on Friday. The stock has a market capitalization of $390.05 million, a price-to-earnings ratio of 13.81 and a beta of 0.68. The firm has a 50 day moving average price of $14.05 and a 200-day moving average price of $14.09. Bridgewater Bancshares has a twelve month low of $10.52 and a twelve month high of $16.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

Insider Buying and Selling

In related news, Director Douglas J. Parish sold 5,750 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total transaction of $86,537.50. Following the completion of the sale, the director now directly owns 1,636 shares in the company, valued at approximately $24,621.80. The trade was a 77.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas P. Trutna sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the completion of the transaction, the director now owns 100,780 shares in the company, valued at $1,524,801.40. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,455 shares of company stock worth $233,903. 23.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research note on Thursday.

About Bridgewater Bancshares

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.