David Juran Sells 518 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 518 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $21.50, for a total value of $11,137.00. Following the completion of the transaction, the director directly owned 79,843 shares in the company, valued at $1,716,624.50. This represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $21.34 on Thursday. The company has a market capitalization of $594.96 million, a PE ratio of 11.60 and a beta of 0.58. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $21.36 and a 200-day moving average of $19.54. Bridgewater Bancshares, Inc. has a one year low of $15.91 and a one year high of $22.62.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Bridgewater Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of BWB. Bleakley Financial Group LLC acquired a new position in Bridgewater Bancshares during the first quarter valued at $1,535,000. Hillsdale Investment Management Inc. boosted its position in Bridgewater Bancshares by 39.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock worth $3,731,000 after acquiring an additional 60,000 shares during the period. Empowered Funds LLC grew its stake in Bridgewater Bancshares by 79.8% during the 1st quarter. Empowered Funds LLC now owns 92,109 shares of the company’s stock valued at $1,630,000 after acquiring an additional 40,890 shares in the last quarter. Algert Global LLC purchased a new position in Bridgewater Bancshares during the 2nd quarter valued at about $3,572,000. Finally, Punch & Associates Investment Management Inc. purchased a new position in Bridgewater Bancshares during the 2nd quarter valued at about $9,145,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Company Profile

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.