Bridgewater Bancshares (NASDAQ:BWB) Director Sells $20,247.60 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $21.54, for a total value of $20,247.60. Following the completion of the transaction, the director directly owned 80,361 shares of the company’s stock, valued at $1,730,975.94. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $21.32 on Friday. Bridgewater Bancshares, Inc. has a 12-month low of $15.91 and a 12-month high of $22.62. The stock has a market cap of $594.40 million, a P/E ratio of 11.59 and a beta of 0.57. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $21.31 and a two-hundred day moving average of $19.50.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at about $37,145,000. Alliancebernstein L.P. boosted its position in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock worth $22,567,000 after acquiring an additional 827,141 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Bridgewater Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after acquiring an additional 25,566 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Bridgewater Bancshares by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock valued at $18,735,000 after purchasing an additional 25,899 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Bridgewater Bancshares by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after purchasing an additional 15,192 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BWB shares. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Piper Sandler lifted their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.67.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.