David Juran Sells 623 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Free Report) Director David Juran sold 623 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $21.50, for a total value of $13,394.50. Following the transaction, the director directly owned 79,220 shares in the company, valued at approximately $1,703,230. This represents a 0.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Stock Up 1.4%

Shares of BWB opened at $21.85 on Friday. The business’s fifty day moving average price is $21.40 and its two-hundred day moving average price is $19.57. The firm has a market capitalization of $609.18 million, a price-to-earnings ratio of 11.88 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 52 week low of $15.91 and a 52 week high of $22.62. 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 (NASDAQ:BWBGet Free Report) last released its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $41.43 million. On average, analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares during the second quarter worth about $32,000. BNP Paribas Financial Markets increased its stake in shares of Bridgewater Bancshares by 78.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after acquiring an additional 1,046 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at approximately $45,000. California State Teachers Retirement System raised its position in shares of Bridgewater Bancshares by 445.6% in the 2nd quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock valued at $130,000 after acquiring an additional 5,035 shares during the period. Finally, AQR Capital Management LLC bought a new position in Bridgewater Bancshares during the 1st quarter worth approximately $178,000. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BWB. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Thursday, August 6th. Finally, Piper Sandler increased their price objective 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Bridgewater Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

View Our Latest Stock Report on BWB

About Bridgewater Bancshares

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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