Bridgewater Bancshares (NASDAQ:BWB) Director David Juran Sells 623 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 623 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $21.50, for a total value of $13,394.50. Following the completion of the sale, the director owned 79,220 shares of the company’s stock, valued at $1,703,230. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Price Performance

Shares of BWB opened at $21.54 on Friday. 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 50 day simple moving average of $21.38 and a 200 day simple moving average of $19.55. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The firm has a market capitalization of $600.54 million, a PE ratio of 11.71 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The firm had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. Sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at approximately $37,145,000. Alliancebernstein L.P. raised its position in Bridgewater Bancshares by 181.8% during 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 in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in Bridgewater Bancshares in the second quarter valued at $9,145,000. Ancora Advisors LLC acquired a new stake in Bridgewater Bancshares in the second quarter valued at $5,020,000. Finally, Hodges Capital Management Inc. bought a new position in shares of Bridgewater Bancshares in the 4th quarter valued at about $3,862,000. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

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

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.