Bridgewater Bancshares (NASDAQ:BWB) Director David Juran Sells 15,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 15,000 shares of Bridgewater Bancshares stock in a transaction on Friday, August 21st. The stock was sold at an average price of $21.59, for a total value of $323,850.00. Following the completion of the sale, the director directly owned 106,301 shares of the company’s stock, valued at $2,295,038.59. The trade was a 12.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgewater Bancshares Stock Performance

BWB stock traded down $0.56 during trading on Tuesday, reaching $21.12. The stock had a trading volume of 78,428 shares, compared to its average volume of 122,717. The firm has a market cap of $588.83 million, a PE ratio of 11.48 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 stock’s 50 day moving average is $21.20 and its two-hundred day moving average is $19.46. Bridgewater Bancshares, Inc. has a 52 week low of $15.91 and a 52 week high of $22.62.

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

Hedge Funds Weigh In On Bridgewater Bancshares

Several large investors have recently added to or reduced their stakes in BWB. California State Teachers Retirement System increased its stake in shares of Bridgewater Bancshares by 445.6% in the second quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock worth $130,000 after purchasing an additional 5,035 shares in the last quarter. Ancora Advisors LLC increased its stake in Bridgewater Bancshares by 1.0% in the 2nd quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock worth $5,020,000 after buying an additional 2,340 shares in the last quarter. Empowered Funds LLC purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth $2,086,000. Punch & Associates Investment Management Inc. bought a new stake in Bridgewater Bancshares during the second quarter valued at about $9,145,000. Finally, Bank of America Corp DE purchased a new position in shares of Bridgewater Bancshares in the second quarter valued at about $423,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BWB shares. Stephens upgraded shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research note on Thursday, August 6th. Piper Sandler upped their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.