Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) Director Todd Urness sold 20,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The stock was sold at an average price of $20.21, for a total value of $404,200.00. Following the completion of the transaction, the director owned 840,909 shares in the company, valued at approximately $16,994,770.89. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bridgewater Bancshares Stock Performance
BWB stock traded up $0.01 during trading on Friday, reaching $20.28. The stock had a trading volume of 70,782 shares, compared to its average volume of 118,963. The firm has a market cap of $565.49 million, a PE ratio of 10.40 and a beta of 0.63. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $20.71 and its two-hundred day moving average is $19.76. Bridgewater Bancshares, Inc. has a 52 week low of $16.06 and a 52 week high of $22.62.
Bridgewater Bancshares (NASDAQ:BWB – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. The business had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.20 million. As a group, equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.83 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Piper Sandler upped their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of Bridgewater Bancshares in a research report on Monday, September 14th. Finally, 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 report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $23.67.
View Our Latest Research Report on Bridgewater Bancshares
Institutional Investors Weigh In On Bridgewater Bancshares
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. Cetera Investment Advisers lifted its holdings in Bridgewater Bancshares by 6.5% during the first quarter. Cetera Investment Advisers now owns 17,235 shares of the company’s stock valued at $305,000 after purchasing an additional 1,059 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter valued at $32,000. Legal & General Group Plc purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at $45,000. Ancora Advisors LLC lifted its stake in shares of Bridgewater Bancshares by 1.0% during the 2nd quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock valued at $5,020,000 after buying an additional 2,340 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Bridgewater Bancshares by 14.4% during the 1st quarter. Bank of America Corp DE now owns 20,759 shares of the company’s stock valued at $367,000 after buying an additional 2,615 shares in the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.
Bridgewater Bancshares Company Profile
Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service commercial bank headquartered in St. Louis Park, Minnesota. The company focuses on serving businesses, commercial real estate investors, developers, professional organizations and affluent individuals, primarily in Minnesota and surrounding markets.
Bridgewater Bank provides commercial and residential real estate lending, construction and development financing, commercial and industrial loans, small-business lending, treasury management and deposit services.
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