Bridgewater Bancshares (NASDAQ:BWB) Director Todd Urness Sells 20,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Todd Urness sold 20,000 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $20.21, for a total transaction of $404,200.00. Following the sale, the director directly owned 840,909 shares of the company’s stock, valued at approximately $16,994,770.89. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bridgewater Bancshares Price Performance

NASDAQ:BWB opened at $20.28 on Friday. The firm’s fifty day moving average is $20.69 and its two-hundred day moving average is $19.77. Bridgewater Bancshares, Inc. has a one year low of $16.06 and a one year high of $22.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $565.41 million, a price-to-earnings ratio of 10.40 and a beta of 0.63.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The business had revenue of $43.23 million during the quarter, compared to analyst estimates of $43.20 million. Research analysts expect that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently modified their holdings of the stock. Cetera Investment Advisers boosted its position in Bridgewater Bancshares by 6.5% during the 1st quarter. Cetera Investment Advisers now owns 17,235 shares of the company’s stock valued at $305,000 after acquiring an additional 1,059 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bridgewater Bancshares in the second quarter worth approximately $32,000. Legal & General Group Plc purchased a new stake in Bridgewater Bancshares in the 2nd quarter valued at $45,000. Ancora Advisors LLC raised its position in Bridgewater Bancshares by 1.0% in the second quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock valued at $5,020,000 after purchasing an additional 2,340 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of Bridgewater Bancshares by 14.4% in the first quarter. Bank of America Corp DE now owns 20,759 shares of the company’s stock valued at $367,000 after purchasing an additional 2,615 shares during the period. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Bridgewater Bancshares in a research report on Monday, September 14th. Piper Sandler boosted their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Stephens raised 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. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $23.67.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.

Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.