Key Points
- Director David Juran sold 518 Bridgewater Bancshares shares at an average price of $21.50, generating $11,137 in proceeds and reducing his ownership by 0.64% to 79,843 shares.
- BWB shares opened at $20.92, while the company’s latest quarterly results showed EPS of $0.45 in line with estimates and revenue of $40.89 million below expectations.
- Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $23.67 target price; institutional investors own 65.83% of the stock.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 518 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $21.50, for a total value of $11,137.00. Following the sale, the director directly owned 79,843 shares of the company's stock, valued at approximately $1,716,624.50. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Bridgewater Bancshares Trading Down 0.7%
Shares of BWB stock opened at $20.92 on Wednesday. The business's 50 day moving average is $21.35 and its two-hundred day moving average is $19.52. Bridgewater Bancshares, Inc. has a twelve month low of $15.91 and a twelve month high of $22.62. The company has a market capitalization of $583.25 million, a P/E ratio of 11.37 and a beta of 0.58. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced 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. The company had revenue of $40.89 million for the quarter, compared to analysts' expectations of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. Equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.
Wall Street Analyst Weigh In
BWB has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, June 18th. Piper Sandler lifted their price target 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 research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $23.67.
Check Out Our Latest Research Report on Bridgewater Bancshares
Institutional Trading of Bridgewater Bancshares
Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Bridgewater Bancshares during the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets grew its holdings in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after buying an additional 1,046 shares during the last quarter. Legal & General Group Plc purchased a new position in Bridgewater Bancshares during the second quarter worth $45,000. California State Teachers Retirement System raised its holdings 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 worth $130,000 after acquiring an additional 5,035 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in shares of Bridgewater Bancshares in the first quarter valued at $178,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.
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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