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

Bridgewater Bancshares (NASDAQ:BWB) released its earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04, Zacks reports. Bridgewater Bancshares had a return on equity of 9.02% and a net margin of 13.54%.

Bridgewater Bancshares Trading Up 0.3 %

Shares of BWB traded up $0.04 during mid-day trading on Wednesday, hitting $13.70. The company had a trading volume of 36,265 shares, compared to its average volume of 59,720. Bridgewater Bancshares has a 1-year low of $10.52 and a 1-year 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. The business’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $14.09. The stock has a market cap of $375.79 million, a PE ratio of 13.05 and a beta of 0.68.

Insiders Place Their Bets

In other news, CFO Joseph M. Chybowski sold 3,000 shares of the business’s 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 sale, the chief financial officer now owns 98,416 shares in the company, valued at approximately $1,526,432.16. The trade was a 2.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas P. Trutna sold 2,000 shares of the firm’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 17,515 shares of company stock valued at $264,102 over the last quarter. Company insiders own 23.21% of the company’s stock.

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.