Bridgewater Bancshares (NASDAQ:BWB) Director David Juran Sells 940 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $21.54, for a total transaction of $20,247.60. Following the completion of the sale, the director directly owned 80,361 shares in the company, valued at approximately $1,730,975.94. This trade represents a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Up 0.8%

Bridgewater Bancshares stock traded up $0.16 during trading on Thursday, reaching $21.32. The stock had a trading volume of 78,267 shares, compared to its average volume of 122,296. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The stock has a market cap of $594.49 million, a PE ratio of 11.59 and a beta of 0.57. The business has a 50 day moving average price of $21.25 and a 200 day moving average price of $19.48.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. On average, analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Bridgewater Bancshares in the second quarter valued at $32,000. BNP Paribas Financial Markets increased its position in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after purchasing an additional 1,046 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at about $45,000. California State Teachers Retirement System lifted its holdings in shares of Bridgewater Bancshares by 445.6% in the 2nd quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock valued at $130,000 after purchasing an additional 5,035 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares in the 1st quarter valued at about $178,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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.