James Johnson Sells 4,712 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director James Johnson sold 4,712 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $19.71, for a total value of $92,873.52. Following the completion of the transaction, the director directly owned 95,348 shares in the company, valued at $1,879,309.08. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Price Performance

NASDAQ BWB opened at $19.97 on Friday. The company has a 50-day moving average price of $18.36 and a 200-day moving average price of $17.22. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $20.30. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $550.77 million, a P/E ratio of 13.31 and a beta of 0.65.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 11.07%. The company had revenue of $38.84 million for the quarter, compared to the consensus estimate of $36.10 million. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

BWB has been the topic of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Stephens started coverage on Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, January 21st. Finally, DA Davidson set a $24.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bridgewater Bancshares has an average rating of “Hold” and an average price target of $22.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings 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 buying an additional 1,046 shares in the last quarter. CWM LLC boosted its position in shares of Bridgewater Bancshares by 182.1% during the second quarter. CWM LLC now owns 2,463 shares of the company’s stock worth $39,000 after acquiring an additional 1,590 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after acquiring an additional 2,762 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in Bridgewater Bancshares during the third quarter valued at $113,000. Finally, AQR Capital Management LLC bought a new stake in Bridgewater Bancshares in the 1st quarter valued at $178,000. 65.83% of the stock is currently owned by institutional investors.

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.