Key Points
- Director David Juran sold 940 Bridgewater Bancshares shares at an average price of $21.54, generating $20,247.60. He retained 80,361 shares after the transaction, a 1.16% reduction in his holdings.
- Bridgewater Bancshares reported quarterly EPS of $0.45, matching analyst expectations, while revenue of $40.89 million fell slightly short of the $41.43 million estimate. The stock opened at $21.32 and has a market capitalization of approximately $594.4 million.
- Analyst sentiment remains positive, with four Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $23.67. Institutional investors and hedge funds own 65.83% of the company.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 940 shares of the company's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $21.54, for a total transaction of $20,247.60. Following the completion of the sale, the director directly owned 80,361 shares in the company, valued at approximately $1,730,975.94. The trade was a 1.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Bridgewater Bancshares Stock Performance
NASDAQ BWB opened at $21.32 on Friday. The stock has a 50-day simple moving average of $21.28 and a two-hundred day simple moving average of $19.49. The firm has a market capitalization of $594.40 million, a P/E ratio of 11.59 and a beta of 0.57. 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.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The business had revenue of $40.89 million during the quarter, compared to analysts' expectations of $41.43 million. On average, equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on BWB shares. Weiss Ratings upgraded Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, June 18th. Stephens upgraded 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. Finally, Piper Sandler increased their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Bridgewater Bancshares has a consensus rating of "Moderate Buy" and a consensus price target of $23.67.
Get Our Latest Analysis on BWB
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new position in Bridgewater Bancshares during the second quarter worth $32,000. BNP Paribas Financial Markets lifted its holdings in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after purchasing an additional 1,046 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Bridgewater Bancshares in the second quarter valued at about $45,000. California State Teachers Retirement System grew its position in shares of Bridgewater Bancshares by 445.6% in the second quarter. California State Teachers Retirement System now owns 6,165 shares of the company's stock valued at $130,000 after purchasing an additional 5,035 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of Bridgewater Bancshares during the first quarter worth about $178,000. 65.83% of the stock is owned by institutional investors and hedge funds.
Bridgewater Bancshares Company Profile
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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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