Key Points
- Bridgewater Bancshares COO Lisa Salazar sold 4,162 shares on May 8 at an average price of $18.55, totaling $77,205.10. After the sale, she still held 36,077 shares, a 10.34% reduction in her ownership.
- The stock was trading lower, opening at $18.00 and falling 2.8% in the session cited. The company’s shares were near their 50-day and 200-day moving averages, both around $18, and remained below the 52-week high of $20.30.
- Analysts remain cautiously positive on BWB, with a consensus “Moderate Buy” and an average target price of $21.67. Recent earnings missed EPS expectations by a penny, though revenue came in above estimates.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) COO Lisa Salazar sold 4,162 shares of the business's stock in a transaction on Friday, May 8th. The stock was sold at an average price of $18.55, for a total transaction of $77,205.10. Following the transaction, the chief operating officer owned 36,077 shares in the company, valued at approximately $669,228.35. The trade was a 10.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Bridgewater Bancshares Trading Down 2.8%
Bridgewater Bancshares stock opened at $18.00 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day simple moving average of $18.06 and a 200 day simple moving average of $18.03. The stock has a market capitalization of $501.84 million, a P/E ratio of 10.17 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 52 week low of $14.35 and a 52 week high of $20.30.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The business had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. Analysts expect 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 company. Piper Sandler reiterated an "overweight" rating and set a $23.00 price objective (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Weiss Ratings raised Bridgewater Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, May 4th. Finally, DA Davidson restated a "buy" rating and set a $22.00 price target on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Bridgewater Bancshares has a consensus rating of "Moderate Buy" and an average target price of $21.67.
Read Our Latest Stock Analysis on BWB
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock worth $38,000 after acquiring an additional 1,046 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Bridgewater Bancshares by 253.6% in the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company's stock valued at $67,000 after purchasing an additional 2,762 shares in the last quarter. CWM LLC increased its stake in Bridgewater Bancshares by 118.0% in the third quarter. CWM LLC now owns 5,369 shares of the company's stock valued at $94,000 after purchasing an additional 2,906 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Bridgewater Bancshares during the first quarter valued at about $178,000. Finally, LPL Financial LLC boosted its position in shares of Bridgewater Bancshares by 7.8% during the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company's stock worth $206,000 after purchasing an additional 855 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.
Bridgewater Bancshares Company Profile
(
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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