David Juran Sells 15,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $21.59, for a total transaction of $323,850.00. Following the completion of the transaction, the director directly owned 106,301 shares of the company’s stock, valued at approximately $2,295,038.59. This represents a 12.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Stock Up 0.2%

Shares of NASDAQ BWB opened at $21.16 on Thursday. The firm has a market cap of $589.94 million, a P/E ratio of 11.50 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. Bridgewater Bancshares, Inc. has a 1 year low of $15.91 and a 1 year high of $22.62. The firm’s 50 day moving average price is $21.25 and its 200 day moving average price is $19.48.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $41.43 million. As a group, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Bridgewater Bancshares

Several institutional investors have recently made changes to their positions in BWB. AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares in the 1st quarter worth $178,000. Empowered Funds LLC grew its position in Bridgewater Bancshares by 10.1% during the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after acquiring an additional 1,752 shares during the period. Jane Street Group LLC acquired a new stake in Bridgewater Bancshares during the first quarter worth about $357,000. Rhumbline Advisers increased its stake in Bridgewater Bancshares by 21.3% during the second quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock worth $563,000 after acquiring an additional 6,230 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Bridgewater Bancshares by 87.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock worth $3,461,000 after purchasing an additional 101,628 shares during the period. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.