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

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 sale, the director directly owned 106,301 shares of the company’s stock, valued at $2,295,038.59. This represents a 12.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Bridgewater Bancshares Trading Down 2.6%

BWB stock opened at $21.12 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The company’s 50-day simple moving average is $21.22 and its 200 day simple moving average is $19.47. Bridgewater Bancshares, Inc. has a 52 week low of $15.91 and a 52 week high of $22.62. The company has a market capitalization of $588.83 million, a PE ratio of 11.48 and a beta of 0.57.

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

Wall Street Analyst Weigh In

BWB has been the subject of several analyst reports. Piper Sandler lifted their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Finally, Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Bridgewater Bancshares in the second quarter worth $32,000. BNP Paribas Financial Markets increased its position in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after purchasing an additional 1,046 shares during the period. Legal & General Group Plc acquired a new stake in Bridgewater Bancshares during the 2nd quarter valued at approximately $45,000. State of Alaska Department of Revenue raised its holdings 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 worth $67,000 after purchasing an additional 2,762 shares during the last quarter. Finally, California State Teachers Retirement System raised 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 purchasing an additional 5,035 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.