Bridgewater Bancshares (NASDAQ:BWB) Director Sells $11,137.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 518 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $21.50, for a total value of $11,137.00. Following the completion of the transaction, the director owned 79,843 shares in the company, valued at $1,716,624.50. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bridgewater Bancshares Trading Up 0.9%

Shares of Bridgewater Bancshares stock opened at $21.54 on Friday. The firm has a market capitalization of $600.54 million, a price-to-earnings ratio of 11.71 and a beta of 0.58. Bridgewater Bancshares, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $22.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $19.55.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, July 21st. The company reported $0.45 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 company had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research note on Thursday, August 6th. Piper Sandler boosted their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of 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 given a Hold rating to the stock. Based on data from MarketBeat, Bridgewater Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.67.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds have recently bought and sold shares of BWB. BlackRock Inc. acquired a new position in Bridgewater Bancshares in the 2nd quarter valued at about $37,145,000. Alliancebernstein L.P. boosted its stake in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares during the period. Punch & Associates Investment Management Inc. purchased a new position in shares of Bridgewater Bancshares in the second quarter valued at approximately $9,145,000. Ancora Advisors LLC acquired a new position in shares of Bridgewater Bancshares in the second quarter valued at approximately $5,020,000. Finally, Hodges Capital Management Inc. acquired a new position in shares of Bridgewater Bancshares in the fourth quarter valued at approximately $3,862,000. 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.