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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 25,000 shares of the stock in a transaction dated 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 sale, the director directly owned 81,301 shares in the company, valued at approximately $1,767,483.74. The trade was a 23.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $21.12 on Wednesday. The company has a 50 day moving average of $21.22 and a 200 day moving average of $19.47. The stock has a market cap of $588.83 million, a P/E ratio of 11.48 and a beta of 0.57. 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.

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

Wall Street Analysts Forecast Growth

BWB has been the topic of a number of research analyst reports. 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 note on Thursday, August 6th. Piper Sandler lifted their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently added to or reduced their stakes in BWB. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at about $32,000. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after buying an additional 1,046 shares in the last quarter. Legal & General Group Plc bought a new position in Bridgewater Bancshares during the second quarter valued at approximately $45,000. State of Alaska Department of Revenue raised its stake in shares of Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after acquiring an additional 2,762 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Bridgewater Bancshares by 445.6% during the second quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock worth $130,000 after acquiring an additional 5,035 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

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.