Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $13,394.50 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 623 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $21.50, for a total transaction of $13,394.50. Following the transaction, the director owned 79,220 shares of the company’s stock, valued at approximately $1,703,230. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock opened at $21.85 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $609.18 million, a PE ratio of 11.88 and a beta of 0.58. The firm has a fifty day moving average price of $21.40 and a two-hundred day moving average price of $19.57. Bridgewater Bancshares, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $22.62.

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, 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 business had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. Analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Analysts Set New Price Targets

BWB has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Finally, Stephens upgraded shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Institutional Trading of Bridgewater Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Bridgewater Bancshares during the second quarter worth about $37,145,000. Alliancebernstein L.P. lifted its stake in Bridgewater Bancshares by 181.8% in the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after acquiring an additional 827,141 shares in the last quarter. Vanguard Group Inc. lifted its stake in Bridgewater Bancshares by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after acquiring an additional 25,566 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 acquiring an additional 25,899 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Bridgewater Bancshares by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock worth $8,699,000 after acquiring an additional 15,192 shares during the last quarter. Institutional investors and hedge funds 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.