Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells 940 Shares

Key Points

• Bridgewater Bancshares Director David Juran sold 940 shares at an average price of $21.54, worth $20,247.60. His remaining stake totaled 80,361 shares, a 1.16% reduction in ownership.
• BWB shares rose 0.8% to $21.32, with the stock trading between a 52-week low of $15.91 and high of $22.62. The company’s latest quarterly earnings matched analyst expectations at $0.45 per share, while revenue came in slightly below forecasts.
• Analyst sentiment remains favorable, with four Buy ratings and one Hold rating producing a “Moderate Buy” consensus 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 940 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $21.54, for a total value of $20,247.60. Following the completion of the transaction, the director owned 80,361 shares of the company's stock, valued at $1,730,975.94. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bridgewater Bancshares Trading Up 0.8%

BWB stock traded up $0.16 during midday trading on Thursday, hitting $21.32. 78,267 shares of the company's stock were exchanged, compared to its average volume of 122,296. Bridgewater Bancshares, Inc. has a 1-year low of $15.91 and a 1-year high of $22.62. 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 has a market capitalization of $594.49 million, a PE ratio of 11.59 and a beta of 0.57. The business has a 50-day simple moving average of $21.25 and a two-hundred day simple moving average of $19.48.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released 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. The business 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Bridgewater Bancshares in the second quarter worth $37,145,000. Alliancebernstein L.P. boosted its holdings in Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company's stock valued at $22,567,000 after purchasing an additional 827,141 shares during the period. Punch & Associates Investment Management Inc. acquired a new position in Bridgewater Bancshares during the 2nd quarter worth $9,145,000. Ancora Advisors LLC acquired a new position in Bridgewater Bancshares during the 2nd quarter worth $5,020,000. Finally, Hodges Capital Management Inc. purchased a new stake in Bridgewater Bancshares during the 4th quarter worth about $3,862,000. Institutional investors and hedge funds own 65.83% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BWB. Piper Sandler upped their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. 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. Finally, Weiss Ratings upgraded Bridgewater Bancshares from a "buy (b)" rating to a "buy (b+)" rating in a research note 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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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