Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells 25,000 Shares of Stock

Key Points

• Director David Juran sold 25,000 Bridgewater Bancshares shares at an average price of $21.74, generating $543,500. The transaction reduced his direct holdings by 23.52% to 81,301 shares.
• BWB shares fell $0.56 to $21.12 in mid-day trading, but remain near their 52-week high of $22.62. The company recently reported quarterly EPS of $0.45, matching analyst expectations, while revenue of $40.89 million came in slightly below forecasts.
• Analyst sentiment remains positive: four analysts rate the stock Buy and one rates it Hold, producing a consensus “Moderate Buy” rating 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 25,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $21.74, for a total transaction of $543,500.00. Following the completion of the sale, the director directly owned 81,301 shares in the company, valued at $1,767,483.74. This trade represents a 23.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Price Performance

Shares of BWB traded down $0.56 during mid-day trading on Tuesday, reaching $21.12. 78,428 shares of the company's stock were exchanged, compared to its average volume of 122,717. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The company has a market cap of $588.83 million, a price-to-earnings ratio of 11.48 and a beta of 0.57. The company has a 50-day simple moving average of $21.20 and a two-hundred day simple moving average of $19.46.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. The firm had revenue of $40.89 million during the quarter, compared to analysts' expectations of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. On average, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Stephens upgraded Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 target price for the company in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Bridgewater Bancshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.67.

Hedge Funds Weigh In On Bridgewater Bancshares

Hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC acquired a new position in Bridgewater Bancshares during the 1st quarter worth approximately $1,535,000. Hillsdale Investment Management Inc. grew its position in Bridgewater Bancshares by 39.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company's stock valued at $3,731,000 after acquiring an additional 60,000 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Bridgewater Bancshares by 79.8% during the first quarter. Empowered Funds LLC now owns 92,109 shares of the company's stock valued at $1,630,000 after purchasing an additional 40,890 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Bridgewater Bancshares during the fourth quarter worth $3,862,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Bridgewater Bancshares by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company's stock valued at $18,735,000 after purchasing an additional 25,899 shares during the period. Hedge funds and other institutional investors own 65.83% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source