Key Points
- Director David Juran sold 623 Bridgewater Bancshares shares at an average price of $21.50, generating $13,394.50. His remaining direct stake is 79,220 shares, representing a 0.78% reduction.
- Bridgewater Bancshares reported quarterly EPS of $0.45, in line with analyst expectations, while revenue of $40.89 million fell slightly short of the $41.43 million consensus estimate.
- Analyst sentiment remains positive, with four Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $23.67 compared with the stock’s recent price near $21.54.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 623 shares of the business's stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $21.50, for a total value of $13,394.50. Following the transaction, the director directly owned 79,220 shares in the company, valued at approximately $1,703,230. This trade represents a 0.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bridgewater Bancshares Price Performance
NASDAQ:BWB opened at $21.54 on Friday. Bridgewater Bancshares, Inc. has a 12-month low of $15.91 and a 12-month high of $22.62. The firm has a market capitalization of $600.54 million, a price-to-earnings ratio of 11.71 and a beta of 0.58. The stock's 50 day moving average price is $21.38 and its two-hundred day moving average price is $19.55. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its earnings results 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 return on equity of 11.21% and a net margin of 18.38%. On average, analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.
Wall Street Analyst Weigh In
BWB has been the subject of a number of research analyst reports. 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. Stephens raised shares of Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 price objective on the stock in a research report on Thursday, August 6th. Finally, Piper Sandler raised their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $23.67.
Check Out Our Latest Analysis on BWB
Institutional Trading of Bridgewater Bancshares
Several hedge funds have recently added to or reduced their stakes in BWB. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares during the 2nd quarter worth $32,000. Legal & General Group Plc bought a new position in shares of Bridgewater Bancshares during the second quarter worth approximately $45,000. BNP Paribas Financial Markets increased its holdings in shares of 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 purchasing an additional 1,046 shares during the period. California State Teachers Retirement System raised 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 buying an additional 5,035 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company's stock valued at $206,000 after buying an additional 855 shares in the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.
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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