David Juran Sells 25,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

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

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $21.16 on Thursday. Bridgewater Bancshares, Inc. has a 12 month low of $15.91 and a 12 month high of $22.62. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The company has a market cap of $589.94 million, a P/E ratio of 11.50 and a beta of 0.57. The firm has a fifty day moving average price of $21.25 and a 200 day moving average price of $19.48.

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

Institutional Trading of Bridgewater Bancshares

Large investors have recently bought and sold shares of the business. Inspire Investing LLC increased its holdings in shares of Bridgewater Bancshares by 2.1% in the fourth quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock valued at $469,000 after purchasing an additional 544 shares during the period. Ieq Capital LLC lifted its holdings in shares of Bridgewater Bancshares by 6.2% during the fourth quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock worth $230,000 after purchasing an additional 770 shares during the period. Villanova Investment Management Co LLC lifted its holdings in shares of Bridgewater Bancshares by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock worth $3,286,000 after purchasing an additional 770 shares during the period. LPL Financial LLC lifted its holdings in shares of Bridgewater Bancshares by 7.8% during the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after purchasing an additional 855 shares during the period. Finally, Maltese Capital Management LLC grew its position in Bridgewater Bancshares by 0.6% in the 4th quarter. Maltese Capital Management LLC now owns 176,000 shares of the company’s stock valued at $3,085,000 after buying an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

BWB has been the topic of several research analyst reports. 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. Piper Sandler raised their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

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.