Key Points
- Director Todd Urness sold 20,000 shares for $404,200 at an average price of $20.21, reducing his stake by 2.32%; he retained 840,909 shares.
- Bridgewater Bancshares reported quarterly EPS of $0.49, beating the $0.47 analyst estimate, while revenue of $43.23 million was roughly in line with expectations.
- Analysts have an overall Buy rating and an average price target of $23.67; the stock opened at $20.28 after trading within a 52-week range of $16.06 to $22.62.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Todd Urness sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $20.21, for a total transaction of $404,200.00. Following the transaction, the director directly owned 840,909 shares in the company, valued at approximately $16,994,770.89. The trade was a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Bridgewater Bancshares Price Performance
Bridgewater Bancshares stock opened at $20.28 on Friday. The firm has a market cap of $565.41 million, a P/E ratio of 10.40 and a beta of 0.63. Bridgewater Bancshares, Inc. has a 52 week low of $16.06 and a 52 week high of $22.62. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The business's fifty day moving average is $20.69 and its two-hundred day moving average is $19.77.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The company had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.20 million. Equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.83 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Piper Sandler boosted their price objective 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. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Bridgewater Bancshares in a research report on Monday, September 14th. Finally, Stephens raised 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 report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Bridgewater Bancshares currently has an average rating of "Buy" and an average target price of $23.67.
View Our Latest Report on BWB
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares during the second quarter worth $32,000. Legal & General Group Plc purchased a new stake in Bridgewater Bancshares in the 2nd quarter valued at $45,000. NewEdge Advisors LLC purchased a new stake in Bridgewater Bancshares during the first quarter worth about $263,000. Cetera Investment Advisers lifted its holdings in Bridgewater Bancshares by 6.5% during the first quarter. Cetera Investment Advisers now owns 17,235 shares of the company's stock valued at $305,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Ieq Capital LLC purchased a new stake in Bridgewater Bancshares during the 2nd quarter worth about $369,000. 65.83% of the stock is currently owned by institutional investors.
About Bridgewater Bancshares
(
Get Free Report)
Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.
Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.
Further Reading
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