Bridgewater Bancshares (NASDAQ:BWB) Director Thomas Trutna Sells 13,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas Trutna sold 13,000 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $19.51, for a total value of $253,630.00. Following the completion of the transaction, the director owned 82,634 shares in the company, valued at approximately $1,612,189.34. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bridgewater Bancshares Stock Down 0.3%

Shares of Bridgewater Bancshares stock traded down $0.06 during trading hours on Thursday, reaching $19.18. The company’s stock had a trading volume of 52,135 shares, compared to its average volume of 93,770. The company has a market capitalization of $529.08 million, a P/E ratio of 12.79 and a beta of 0.65. The stock’s fifty day simple moving average is $18.48 and its two-hundred day simple moving average is $17.29. Bridgewater Bancshares, Inc. has a one year low of $11.93 and a one year high of $20.30. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $38.84 million for the quarter, compared to analyst estimates of $36.10 million. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 11.07%. On average, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DA Davidson set a $24.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, January 21st. Stephens assumed coverage on Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.33.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently bought and sold shares of BWB. Dimensional Fund Advisors LP lifted its position in shares of Bridgewater Bancshares by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,032,572 shares of the company’s stock worth $18,101,000 after buying an additional 39,049 shares during the last quarter. Empowered Funds LLC raised its stake in Bridgewater Bancshares by 123.3% during the fourth quarter. Empowered Funds LLC now owns 51,219 shares of the company’s stock worth $898,000 after acquiring an additional 28,278 shares in the last quarter. Hodges Capital Management Inc. acquired a new position in shares of Bridgewater Bancshares in the 4th quarter worth approximately $3,862,000. LPL Financial LLC increased its stake in shares of Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares in the last quarter. Finally, Brandywine Global Investment Management LLC raised its position in Bridgewater Bancshares by 19.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 16,710 shares of the company’s stock worth $293,000 after purchasing an additional 2,700 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.