Bridgewater Bancshares (NASDAQ:BWB) Director Sells $543,500.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 25,000 shares of Bridgewater Bancshares stock in a transaction on Monday, August 24th. The shares were sold at an average price of $21.74, for a total transaction of $543,500.00. Following the completion of the sale, the director directly owned 81,301 shares of the company’s stock, valued at approximately $1,767,483.74. This trade represents a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $21.32 on Friday. The firm’s 50-day moving average price is $21.28 and its 200-day moving average price is $19.49. Bridgewater Bancshares, Inc. has a 1-year low of $15.91 and a 1-year high of $22.62. The firm has a market capitalization 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.

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

Institutional Trading of Bridgewater Bancshares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares in the second quarter worth approximately $32,000. Legal & General Group Plc purchased a new stake in Bridgewater Bancshares in the 2nd quarter valued at $45,000. BNP Paribas Financial Markets raised its position in Bridgewater Bancshares by 78.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after buying an additional 1,046 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Bridgewater Bancshares by 253.6% during the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after acquiring an additional 2,762 shares in the last quarter. Finally, California State Teachers Retirement System boosted its holdings in Bridgewater Bancshares by 445.6% during the 2nd quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock worth $130,000 after acquiring an additional 5,035 shares during the last quarter. 65.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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