Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $11,137.00 in Stock

Key Points

• Director David Juran sold 518 Bridgewater Bancshares shares at an average price of $21.50, generating $11,137 and reducing his position by 0.64% to 79,843 shares.
• Bridgewater Bancshares stock fell 0.7% to $20.92, while the company’s latest quarterly results matched expectations with earnings of $0.45 per share and revenue of $40.89 million.
• Analyst sentiment remains favorable: four analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $23.67.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 518 shares of the firm'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 transaction, the director directly owned 79,843 shares of the company's stock, valued at approximately $1,716,624.50. This trade represents a 0.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Down 0.7%

Bridgewater Bancshares stock traded down $0.15 during mid-day trading on Tuesday, hitting $20.92. The company had a trading volume of 90,092 shares, compared to its average volume of 121,826. 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 $21.34 and its two-hundred day moving average price is $19.51. 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 $583.25 million, a PE ratio of 11.37 and a beta of 0.57.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm 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%. As a group, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors have recently modified their holdings of BWB. AQR Capital Management LLC purchased a new position in Bridgewater Bancshares in the 1st quarter worth about $178,000. Empowered Funds LLC boosted its holdings in shares of Bridgewater Bancshares by 10.1% during the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company's stock valued at $266,000 after acquiring an additional 1,752 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Bridgewater Bancshares during the 1st quarter valued at about $357,000. Rhumbline Advisers grew its stake in shares of Bridgewater Bancshares by 21.3% in the second quarter. Rhumbline Advisers now owns 35,416 shares of the company's stock worth $563,000 after acquiring an additional 6,230 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Bridgewater Bancshares by 87.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company's stock worth $3,461,000 after acquiring an additional 101,628 shares during the period. 65.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. 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. Piper Sandler raised their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.67.

About Bridgewater Bancshares

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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