David Juran Sells 940 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 940 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $21.54, for a total transaction of $20,247.60. Following the sale, the director directly owned 80,361 shares of the company’s stock, valued at approximately $1,730,975.94. This represents a 1.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Price Performance

BWB opened at $21.32 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $21.31 and its 200 day moving average price is $19.50. Bridgewater Bancshares, Inc. has a fifty-two week low of $15.91 and a fifty-two week high of $22.62. The firm has a market cap of $594.40 million, a price-to-earnings ratio of 11.59 and a beta of 0.57.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. The company 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 expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several large investors have recently made changes to their positions in the company. Inspire Investing LLC raised its holdings in shares of Bridgewater Bancshares by 2.1% during the fourth quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock valued at $469,000 after buying an additional 544 shares during the last quarter. Villanova Investment Management Co LLC grew its holdings in Bridgewater Bancshares by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock worth $3,286,000 after buying an additional 770 shares in the last quarter. Ieq Capital LLC grew its holdings in Bridgewater Bancshares by 6.2% in the 4th quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock worth $230,000 after buying an additional 770 shares in the last quarter. LPL Financial LLC increased its position in Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after acquiring an additional 855 shares during the period. Finally, Maltese Capital Management LLC increased its position in Bridgewater Bancshares by 0.6% in the 4th quarter. Maltese Capital Management LLC now owns 176,000 shares of the company’s stock valued at $3,085,000 after acquiring an additional 1,000 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler boosted 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. 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 investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $23.67.

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.