Key Points
- Director David Juran sold 25,000 Bridgewater Bancshares shares at an average price of $21.74, generating $543,500 and reducing his ownership by 23.52% to 81,301 shares.
- Bridgewater Bancshares reported quarterly EPS of $0.45, matching analyst estimates, while revenue of $40.89 million fell slightly short of expectations. The stock opened at $21.12 and has a consensus analyst rating of “Moderate Buy” with a $23.67 price target.
- Analyst sentiment improved, with Piper Sandler raising its target to $24 and Stephens assigning an “overweight” rating with a $25 target. Institutional investors own 65.83% of the company.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 15,000 shares of the business's stock in a transaction dated 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 represents a 12.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bridgewater Bancshares Trading Down 2.6%
NASDAQ BWB opened at $21.12 on Wednesday. The stock has a market capitalization of $588.83 million, a P/E ratio of 11.48 and a beta of 0.57. The business has a 50 day simple moving average of $21.22 and a 200 day simple moving average of $19.47. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. Bridgewater Bancshares, Inc. has a one year low of $15.91 and a one year high of $22.62.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $40.89 million during the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. Research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.
Hedge Funds Weigh In On Bridgewater Bancshares
Large investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC bought a new stake in shares of Bridgewater Bancshares during the 1st quarter worth $1,535,000. Hillsdale Investment Management Inc. grew its holdings in Bridgewater Bancshares by 39.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company's stock valued at $3,731,000 after purchasing an additional 60,000 shares during the period. Empowered Funds LLC increased its position in Bridgewater Bancshares by 79.8% in the first quarter. Empowered Funds LLC now owns 92,109 shares of the company's stock worth $1,630,000 after buying an additional 40,890 shares during the last quarter. Hodges Capital Management Inc. purchased a new stake in Bridgewater Bancshares in the 4th quarter worth about $3,862,000. Finally, Dimensional Fund Advisors LP increased its holdings in Bridgewater Bancshares by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company's stock worth $18,735,000 after acquiring an additional 25,899 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, June 18th. Piper Sandler raised their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. Finally, Stephens upgraded Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.67.
Get Our Latest Stock Analysis on BWB
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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