Key Points
- Insider sale: Bridgewater Bancshares insider Nicholas Place sold 4,688 shares on June 5 at an average price of $19.27, totaling about $90,338. After the sale, he still held 139,622 shares.
- Recent performance and earnings: The stock opened at $19.42 and has traded between $14.79 and $20.30 over the past 52 weeks. The company recently missed EPS estimates by $0.01 but beat revenue expectations for the quarter.
- Wall Street sentiment: Analysts currently rate BWB as a Moderate Buy, with an average price target of $21.67. Institutional ownership remains high at 65.83%.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) insider Nicholas Place sold 4,688 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $19.27, for a total transaction of $90,337.76. Following the completion of the transaction, the insider directly owned 139,622 shares in the company, valued at $2,690,515.94. The trade was a 3.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Bridgewater Bancshares Stock Performance
NASDAQ BWB opened at $19.42 on Tuesday. Bridgewater Bancshares, Inc. has a 52-week low of $14.79 and a 52-week high of $20.30. 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 company has a market capitalization of $541.43 million, a P/E ratio of 10.97 and a beta of 0.58. The company has a fifty day moving average of $18.52 and a 200-day moving average of $18.31.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its earnings results on Tuesday, April 21st. The company reported $0.41 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 firm had revenue of $38.96 million during the quarter, compared to the consensus estimate of $36.93 million. As a group, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.
Hedge Funds Weigh In On Bridgewater Bancshares
Large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted its stake in Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company's stock worth $22,567,000 after purchasing an additional 827,141 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Bridgewater Bancshares by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company's stock valued at $20,326,000 after buying an additional 25,566 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bridgewater Bancshares by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company's stock valued at $18,735,000 after buying an additional 25,899 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company's stock worth $8,699,000 after buying an additional 15,192 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Bridgewater Bancshares by 1.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 438,960 shares of the company's stock worth $7,695,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 65.83% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on BWB shares. DA Davidson reiterated a "buy" rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Weiss Ratings upgraded Bridgewater Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.67.
Check Out Our Latest Analysis on Bridgewater Bancshares
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.
Further Reading
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