Bridgewater Bancshares (NASDAQ:BWB) Director Sells $85,520.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas Parish sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $21.38, for a total transaction of $85,520.00. Following the sale, the director directly owned 4,107 shares in the company, valued at approximately $87,807.66. This represents a 49.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $21.39 on Friday. Bridgewater Bancshares, Inc. has a twelve month low of $16.06 and a twelve month high of $22.62. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $596.35 million, a P/E ratio of 11.62 and a beta of 0.58. The firm’s 50-day moving average is $21.41 and its two-hundred day moving average is $19.64.

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

Hedge Funds Weigh In On Bridgewater Bancshares

Hedge funds have recently bought and sold shares of the stock. Inspire Investing LLC lifted its holdings in shares of Bridgewater Bancshares by 2.1% during the 4th quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock worth $469,000 after acquiring an additional 544 shares during the period. Ieq Capital LLC boosted its position in shares of Bridgewater Bancshares by 6.2% in the fourth quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock worth $230,000 after acquiring an additional 770 shares during the last quarter. Villanova Investment Management Co LLC grew its holdings in Bridgewater Bancshares by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after purchasing an additional 770 shares during the period. LPL Financial LLC grew its holdings in Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after purchasing an additional 855 shares during the period. Finally, Maltese Capital Management LLC increased its position in Bridgewater Bancshares by 0.6% during the fourth quarter. Maltese Capital Management LLC now owns 176,000 shares of the company’s stock worth $3,085,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BWB. Stephens raised 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. Weiss Ratings raised 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 raised 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $23.67.

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.