Bridgewater Bancshares (NASDAQ:BWB) Director David Juran Sells 623 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 623 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $21.50, for a total value of $13,394.50. Following the completion of the sale, the director owned 79,220 shares in the company, valued at $1,703,230. The trade was a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Stock Performance

BWB stock traded up $0.20 during trading on Thursday, hitting $21.54. 73,219 shares of the company traded hands, compared to its average volume of 121,639. Bridgewater Bancshares, Inc. has a 1 year low of $15.91 and a 1 year high of $22.62. The company has a market cap of $600.54 million, a PE ratio of 11.71 and a beta of 0.58. The stock’s 50-day simple moving average is $21.36 and its 200 day simple moving average is $19.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data 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 analysts’ expectations of $41.43 million. On average, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares during the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its position 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 valued at $38,000 after acquiring an additional 1,046 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Bridgewater Bancshares in the second quarter worth approximately $45,000. California State Teachers Retirement System boosted its stake in shares of Bridgewater Bancshares by 445.6% in the second 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. Finally, AQR Capital Management LLC purchased a new stake in shares of Bridgewater Bancshares during the first quarter worth approximately $178,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler increased their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. 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. Finally, Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

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.