Bridgewater Bancshares (NASDAQ:BWB) Director Todd Urness Sells 10,000 Shares of Company Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Todd Urness sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $20.34, for a total transaction of $203,400.00. Following the transaction, the director directly owned 856,722 shares of the company’s stock, valued at $17,425,725.48. The trade was a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $20.21 on Friday. Bridgewater Bancshares, Inc. has a twelve month low of $16.06 and a twelve month 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 stock has a market cap of $563.54 million, a P/E ratio of 10.36 and a beta of 0.63. The company’s 50-day simple moving average is $20.79 and its 200 day simple moving average is $19.71.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $43.23 million during the quarter, compared to analysts’ expectations of $43.20 million. Bridgewater Bancshares had a net margin of 19.27% and a return on equity of 11.66%. As a group, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors have recently bought and sold shares of BWB. Bleakley Financial Group LLC bought a new position in shares of Bridgewater Bancshares during the first quarter worth $1,535,000. Empowered Funds LLC acquired a new position in shares of Bridgewater Bancshares in the second quarter valued at approximately $2,086,000. BlackRock Inc. bought a new stake in shares of Bridgewater Bancshares during the second quarter worth $37,145,000. Bank of New York Mellon Corp bought a new stake in shares of Bridgewater Bancshares during the second quarter worth $1,329,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Bridgewater Bancshares during the second quarter worth $2,002,000. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler increased 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. Stephens upgraded shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “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 full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.