Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $13,394.50 in Stock

Key Points

• Bridgewater Bancshares Director David Juran sold 623 shares for $13,394.50, reducing his ownership by 0.78% to 79,220 shares.
• BWB shares rose 0.9% to $21.54, with a $600.5 million market capitalization and a 52-week trading range of $15.91 to $22.62.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $23.67; institutional investors own 65.83% of the stock.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director David Juran sold 623 shares of the business's stock in a transaction 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 owned 79,220 shares in the company, valued at approximately $1,703,230. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Up 0.9%

Bridgewater Bancshares stock traded up $0.20 during midday trading on Thursday, reaching $21.54. The company's stock had a trading volume of 73,219 shares, compared to its average volume of 121,639. The stock's 50-day simple moving average is $21.36 and its 200-day simple moving average is $19.54. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The stock has a market capitalization of $600.54 million, a P/E ratio of 11.71 and a beta of 0.58.

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, hitting analysts' consensus estimates of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The business had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. On average, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets boosted its holdings 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 acquiring an additional 1,046 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Bridgewater Bancshares during the second quarter worth $45,000. California State Teachers Retirement System raised its holdings 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 worth $130,000 after purchasing an additional 5,035 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new position in Bridgewater Bancshares during the first quarter valued at $178,000. Institutional investors and hedge funds own 65.83% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on BWB shares. Piper Sandler upped their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. 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. Finally, Stephens raised Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 target price on the stock in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, Bridgewater Bancshares has a consensus rating of "Moderate Buy" and a consensus price target 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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