Bridgewater Bancshares (NASDAQ:BWB) Director David Juran Sells 518 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David Juran sold 518 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $21.50, for a total transaction of $11,137.00. Following the completion of the sale, the director directly owned 79,843 shares in the company, valued at approximately $1,716,624.50. This trade represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Down 0.7%

Shares of Bridgewater Bancshares stock opened at $20.92 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. Bridgewater Bancshares, Inc. has a 52-week low of $15.91 and a 52-week high of $22.62. The company has a market capitalization of $583.25 million, a P/E ratio of 11.37 and a beta of 0.58. The company has a 50 day moving average of $21.35 and a 200 day moving average of $19.52.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. As a group, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Analysts Set New Price Targets

BWB has been the topic of several research analyst reports. 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. 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 stock an “overweight” rating in a research report on Thursday, July 23rd. Four 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWB. AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares in the first quarter valued at approximately $178,000. Empowered Funds LLC raised its position in Bridgewater Bancshares by 10.1% in the 1st quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after purchasing an additional 1,752 shares during the last quarter. Jane Street Group LLC acquired a new stake in Bridgewater Bancshares during the 1st quarter worth $357,000. Rhumbline Advisers boosted its stake in Bridgewater Bancshares by 21.3% during the 2nd quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock worth $563,000 after purchasing an additional 6,230 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Bridgewater Bancshares by 87.7% during 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 last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.