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

Bridgewater Bancshares (NASDAQ:BWB) announced its quarterly earnings data on Wednesday. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04, Zacks reports. Bridgewater Bancshares had a net margin of 13.54% and a return on equity of 9.02%.

Bridgewater Bancshares Trading Up 0.3 %

Shares of Bridgewater Bancshares stock opened at $13.70 on Thursday. Bridgewater Bancshares has a 12-month low of $10.52 and a 12-month high of $16.00. The firm’s 50 day simple moving average is $14.06 and its two-hundred day simple moving average is $14.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $375.79 million, a price-to-earnings ratio of 13.05 and a beta of 0.68.

Insider Transactions at Bridgewater Bancshares

In related news, Director Thomas P. Trutna sold 2,000 shares of the firm’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 completion of the transaction, the director now owns 100,780 shares of the company’s stock, valued at $1,524,801.40. This trade represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Douglas J. Parish sold 5,750 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,455 shares of company stock worth $233,903. Company insiders own 23.21% of the company’s stock.

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.