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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 518 shares of the stock in a transaction 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 in the company, valued at $1,716,624.50. The trade was a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of BWB traded down $0.15 during trading hours on Tuesday, hitting $20.92. The stock had a trading volume of 90,092 shares, compared to its average volume of 121,826. 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 12 month low of $15.91 and a 12 month high of $22.62. The firm has a market capitalization of $583.25 million, a PE ratio of 11.37 and a beta of 0.57. The stock has a fifty day moving average price of $21.34 and a 200 day moving average price of $19.51.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The company had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares during the second quarter worth about $32,000. BNP Paribas Financial Markets raised its stake in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after purchasing an additional 1,046 shares during the period. Legal & General Group Plc purchased a new position in Bridgewater Bancshares in the 2nd quarter worth approximately $45,000. California State Teachers Retirement System lifted its holdings in Bridgewater Bancshares by 445.6% in the 2nd 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 in the last quarter. Finally, AQR Capital Management LLC bought a new position in Bridgewater Bancshares in the 1st quarter worth approximately $178,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented 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. 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, Piper Sandler boosted their price objective 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. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Bridgewater Bancshares has a consensus 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.