Bridgewater Bancshares (NASDAQ:BWB) Director Sells $323,850.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 15,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $21.59, for a total value of $323,850.00. Following the completion of the transaction, the director directly owned 106,301 shares in the company, valued at $2,295,038.59. This trade represents a 12.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Stock Up 0.8%

Shares of NASDAQ BWB opened at $21.32 on Friday. The company has a market capitalization of $594.40 million, a price-to-earnings ratio of 11.59 and a beta of 0.57. 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 business has a 50-day moving average of $21.28 and a two-hundred day moving average of $19.49. Bridgewater Bancshares, Inc. has a 1 year low of $15.91 and a 1 year 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, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $41.43 million. On average, analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

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

Analyst Ratings Changes

Several brokerages have commented on BWB. 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. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Thursday, August 6th. Finally, Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.