Bridgewater Bancshares (NASDAQ:BWB) Director Sells 15,000 Shares

Key Points

• Director David Juran sold 15,000 Bridgewater Bancshares shares at an average price of $21.59, generating $323,850 and reducing his stake by 12.37% to 106,301 shares.
• Shares fell 2.6% to $21.12 during Tuesday trading. The stock has traded between $15.91 and $22.62 over the past year and has a market capitalization of approximately $588.8 million.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $23.67; institutional investors own 65.83% of the company.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 15,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $21.59, for a total value of $323,850.00. Following the completion of the sale, the director owned 106,301 shares in the company, valued at $2,295,038.59. The trade was a 12.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bridgewater Bancshares Stock Down 2.6%

Bridgewater Bancshares stock traded down $0.56 during mid-day trading on Tuesday, hitting $21.12. The company had a trading volume of 78,428 shares, compared to its average volume of 122,717. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The stock's 50 day moving average price is $21.20 and its two-hundred day moving average price is $19.46. Bridgewater Bancshares, Inc. has a 12 month low of $15.91 and a 12 month high of $22.62. The company has a market capitalization of $588.83 million, a PE ratio of 11.48 and a beta of 0.57.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $40.89 million during 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, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BWB shares. Weiss Ratings upgraded shares of Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research note 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 target for the company in a research report on Thursday, August 6th. Finally, Piper Sandler upped their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Bridgewater Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.67.

Institutional Investors Weigh In On Bridgewater Bancshares

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its position in Bridgewater Bancshares by 445.6% in the 2nd quarter. California State Teachers Retirement System now owns 6,165 shares of the company's stock worth $130,000 after buying an additional 5,035 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Bridgewater Bancshares by 1.0% in the second quarter. Ancora Advisors LLC now owns 238,580 shares of the company's stock worth $5,020,000 after acquiring an additional 2,340 shares during the period. Empowered Funds LLC bought a new stake in shares of Bridgewater Bancshares in the second quarter worth approximately $2,086,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Bridgewater Bancshares during the second quarter valued at approximately $9,145,000. Finally, Bank of America Corp DE purchased a new position in shares of Bridgewater Bancshares during the second quarter valued at approximately $423,000. 65.83% of the stock is currently owned by institutional investors.

Bridgewater Bancshares Company Profile

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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