Bridgewater Bancshares (NASDAQ:BWB) Director Sells $543,500.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 25,000 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $21.74, for a total transaction of $543,500.00. Following the completion of the transaction, the director directly owned 81,301 shares of the company’s stock, valued at approximately $1,767,483.74. The trade was a 23.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Down 2.6%

Shares of NASDAQ BWB traded down $0.56 during midday trading on Tuesday, reaching $21.12. 78,428 shares of the company’s stock were exchanged, compared to its average volume of 122,717. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The business’s fifty day moving average price is $21.20 and its two-hundred day moving average price is $19.46. The stock 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 issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The firm had revenue of $40.89 million during the quarter, compared to analyst estimates of $41.43 million. Analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Piper Sandler lifted their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of 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 given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors have recently modified their holdings of BWB. Bleakley Financial Group LLC bought a new position in Bridgewater Bancshares in the first quarter worth about $1,535,000. Hillsdale Investment Management Inc. grew its holdings in shares of Bridgewater Bancshares by 39.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock valued at $3,731,000 after purchasing an additional 60,000 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Bridgewater Bancshares by 79.8% during the first quarter. Empowered Funds LLC now owns 92,109 shares of the company’s stock valued at $1,630,000 after purchasing an additional 40,890 shares during the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Bridgewater Bancshares during the 4th quarter worth approximately $3,862,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Bridgewater Bancshares by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after purchasing an additional 25,899 shares during the period. 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.