Key Points
- Director Douglas Parish sold 4,000 Bridgewater Bancshares shares at an average price of $21.38, generating $85,520. Following the transaction, his direct ownership fell 49.34% to 4,107 shares.
- Bridgewater Bancshares reported quarterly EPS of $0.45, matching analyst expectations, while revenue of $40.89 million fell short of the $41.43 million estimate. Analysts project $1.85 in full-year EPS.
- Analysts maintain a “Moderate Buy” consensus, with four Buy ratings and one Hold, and an average price target of $23.67 versus the stock’s recent price near $21.39.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Douglas Parish sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $21.38, for a total transaction of $85,520.00. Following the completion of the sale, the director directly owned 4,107 shares in the company, valued at $87,807.66. This represents a 49.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Bridgewater Bancshares Stock Up 0.6%
Shares of NASDAQ:BWB opened at $21.39 on Friday. The firm has a market capitalization of $596.35 million, a PE ratio of 11.62 and a beta of 0.58. 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, Inc. has a 52-week low of $16.06 and a 52-week high of $22.62. The firm has a fifty day moving average of $21.42 and a 200 day moving average of $19.63.
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, meeting the consensus estimate of $0.45. The firm had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. As a group, research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.
Wall Street Analyst Weigh In
BWB has been the subject of several 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. Stephens raised Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a research note on Thursday, August 6th. Finally, Piper Sandler increased 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.67.
View Our Latest Report on Bridgewater Bancshares
Institutional Investors Weigh In On Bridgewater Bancshares
Several institutional investors and hedge funds have recently bought and sold shares of BWB. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bridgewater Bancshares during the second quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its stake in shares of Bridgewater Bancshares by 78.1% in the 2nd 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 during the period. Legal & General Group Plc purchased a new position in shares of Bridgewater Bancshares in the 2nd quarter valued at approximately $45,000. California State Teachers Retirement System boosted its position in shares of Bridgewater Bancshares by 445.6% during 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 in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Bridgewater Bancshares in the first quarter worth $178,000. Hedge funds and other institutional investors own 65.83% of the company's stock.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
