Bridgewater Bancshares (NASDAQ:BWB) Stock: Insider Todd Urness Sells 20,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Todd Urness sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $20.21, for a total transaction of $404,200.00. Following the completion of the sale, the director directly owned 840,909 shares of the company’s stock, valued at $16,994,770.89. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $20.28 on Friday. The company’s fifty day moving average is $20.69 and its 200-day moving average is $19.77. Bridgewater Bancshares, Inc. has a 12 month low of $16.06 and a 12 month high of $22.62. The firm has a market cap of $565.41 million, a price-to-earnings ratio of 10.40 and a beta of 0.63. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.06.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a net margin of 19.27% and a return on equity of 11.60%. The business had revenue of $43.23 million for the quarter, compared to the consensus estimate of $43.20 million. Equities analysts expect that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Several large investors have recently modified their holdings of BWB. BlackRock Inc. bought a new position in Bridgewater Bancshares during the second quarter worth $37,145,000. Punch & Associates Investment Management Inc. bought a new stake in Bridgewater Bancshares in the 2nd quarter valued at $9,145,000. Ancora Advisors LLC acquired a new stake in Bridgewater Bancshares in the 2nd quarter worth $5,020,000. Algert Global LLC acquired a new stake in Bridgewater Bancshares in the 2nd quarter worth $3,572,000. Finally, Empowered Funds LLC acquired a new stake in Bridgewater Bancshares in the 2nd quarter worth $2,086,000. 65.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Thursday, August 6th. Finally, Piper Sandler increased 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. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Bridgewater Bancshares 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.