Key Points
- Director Thomas Trutna sold 13,000 shares on Feb. 10 at an average price of $19.51 for a $253,630 sale, reducing his stake by 13.59% to 82,634 shares ( valued at about $1.61M).
- Bridgewater beat expectations for the most recent quarter with EPS of $0.44 vs. $0.42 and revenue of $38.84M vs. $36.10M, while the stock trades near $19.18 with a market cap of roughly $529M and a P/E of 12.8.
- Analysts have a consensus rating of Hold with a $22.33 price target, and institutional investors/hedge funds own about 65.83% of the company, with several funds recently increasing positions.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Thomas Trutna sold 13,000 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $19.51, for a total transaction of $253,630.00. Following the completion of the transaction, the director owned 82,634 shares in the company, valued at $1,612,189.34. This trade represents a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Bridgewater Bancshares Trading Down 0.3%
Shares of BWB stock opened at $19.18 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $528.98 million, a price-to-earnings ratio of 12.79 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 1 year low of $11.93 and a 1 year high of $20.30. The firm has a fifty day moving average price of $18.50 and a 200-day moving average price of $17.30.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $38.84 million during the quarter, compared to analyst estimates of $36.10 million. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%. As a group, equities analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.
Hedge Funds Weigh In On Bridgewater Bancshares
Several institutional investors and hedge funds have recently modified their holdings of BWB. Connor Clark & Lunn Investment Management Ltd. grew its position in Bridgewater Bancshares by 25.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,220 shares of the company's stock worth $974,000 after buying an additional 12,439 shares during the period. Villanova Investment Management Co LLC boosted its stake in Bridgewater Bancshares by 163.9% in the 2nd quarter. Villanova Investment Management Co LLC now owns 152,710 shares of the company's stock worth $2,430,000 after buying an additional 94,841 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Bridgewater Bancshares during the second quarter worth approximately $2,015,000. American Century Companies Inc. grew its stake in shares of Bridgewater Bancshares by 13.8% in the second quarter. American Century Companies Inc. now owns 439,255 shares of the company's stock valued at $6,989,000 after buying an additional 53,258 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its position in Bridgewater Bancshares by 77.2% in the second quarter. Kennedy Capital Management LLC now owns 160,240 shares of the company's stock valued at $2,549,000 after acquiring an additional 69,797 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company's stock.
Analyst Upgrades and Downgrades
BWB has been the subject of a number of analyst reports. Stephens started coverage on shares of Bridgewater Bancshares in a report on Wednesday, December 10th. They issued an "equal weight" rating and a $20.00 price target for the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Bridgewater Bancshares in a research report on Wednesday, January 21st. Piper Sandler restated an "overweight" rating and set a $23.00 price target (up previously from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Finally, DA Davidson set a $24.00 target price on Bridgewater Bancshares in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Bridgewater Bancshares has a consensus rating of "Hold" and a consensus price target of $22.33.
Get Our Latest Report on Bridgewater Bancshares
About Bridgewater Bancshares
(
Get Free Report)
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.
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