Bridgewater Bancshares (NASDAQ:BWB) Director Thomas Trutna Sells 13,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas Trutna sold 13,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $19.51, for a total value of $253,630.00. Following the completion of the transaction, the director owned 82,634 shares of the company’s stock, valued at approximately $1,612,189.34. The trade was a 13.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Down 0.3%

NASDAQ:BWB opened at $19.18 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average price is $18.50 and its 200-day moving average price is $17.30. The company has a market capitalization of $528.98 million, a PE ratio of 12.79 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 11.07%. The business had revenue of $38.84 million for the quarter, compared to analyst estimates of $36.10 million. On average, equities analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on BWB. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, January 21st. Piper Sandler reissued an “overweight” rating and set a $23.00 price objective (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. DA Davidson set a $24.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Finally, Stephens began coverage on shares of Bridgewater Bancshares in a report on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Bridgewater Bancshares currently has an average rating of “Hold” and an average price target of $22.33.

Institutional Trading of Bridgewater Bancshares

A number of institutional investors have recently made changes to their positions in BWB. Alliancebernstein L.P. raised its holdings in shares of Bridgewater Bancshares by 181.8% during the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Bridgewater Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after acquiring an additional 25,566 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Bridgewater Bancshares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,572 shares of the company’s stock worth $18,101,000 after acquiring an additional 39,049 shares during the period. Geode Capital Management LLC increased its position in Bridgewater Bancshares by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after acquiring an additional 15,192 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Bridgewater Bancshares by 13.8% in the second quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after acquiring an additional 53,258 shares during the period. Hedge funds and other institutional investors 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.