Bridgewater Bancshares (NASDAQ:BWB) Director David Juran Sells 940 Shares

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

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $21.32 on Friday. The firm has a market cap of $594.40 million, a price-to-earnings ratio of 11.59 and a beta of 0.57. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average is $21.28 and its 200 day moving average is $19.49.

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

Institutional Trading of Bridgewater Bancshares

A number of institutional investors have recently made changes to their positions in BWB. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares during the second quarter worth about $32,000. BNP Paribas Financial Markets raised its stake in shares of Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after purchasing an additional 1,046 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Bridgewater Bancshares during the second quarter worth about $45,000. California State Teachers Retirement System boosted its position in Bridgewater Bancshares by 445.6% in the second quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock valued at $130,000 after buying an additional 5,035 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Bridgewater Bancshares in the 1st quarter worth approximately $178,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research report on Thursday, August 6th. Finally, Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. 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, Bridgewater Bancshares currently 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.