Villanova Investment Management Co Sells 34,800 Shares of Bridgewater Bancshares, Inc. $BWB

Villanova Investment Management Co cut its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 26.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,987 shares of the company’s stock after selling 34,800 shares during the quarter. Bridgewater Bancshares makes up approximately 1.9% of Villanova Investment Management Co’s investment portfolio, making the stock its 19th largest holding. Villanova Investment Management Co owned about 0.34% of Bridgewater Bancshares worth $1,916,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of BWB. Bleakley Financial Group LLC bought a new position in shares of Bridgewater Bancshares during the 1st quarter worth approximately $1,535,000. Empowered Funds LLC acquired a new stake in Bridgewater Bancshares in the second quarter valued at approximately $2,086,000. BlackRock Inc. acquired a new stake in Bridgewater Bancshares in the second quarter valued at approximately $37,145,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bridgewater Bancshares in the second quarter valued at approximately $2,002,000. Finally, Bank of New York Mellon Corp acquired a new stake in Bridgewater Bancshares in the second quarter valued at approximately $1,329,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BWB. Weiss Ratings reiterated a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. Piper Sandler boosted their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. 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 research report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Bridgewater Bancshares has an average rating of “Buy” and a consensus target price of $23.67.

Bridgewater Bancshares Stock Down 2.3%

Shares of BWB stock opened at $20.27 on Friday. The stock’s 50-day simple moving average is $20.71 and its 200-day simple moving average is $19.76. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $565.21 million, a PE ratio of 10.39 and a beta of 0.63. Bridgewater Bancshares, Inc. has a fifty-two week low of $16.06 and a fifty-two week high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, October 20th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $43.23 million during the quarter, compared to the consensus estimate of $43.20 million. Bridgewater Bancshares had a return on equity of 11.60% and a net margin of 19.27%. Equities analysts expect that Bridgewater Bancshares, Inc. will post 1.83 earnings per share for the current year.

Insider Activity at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director David Juran sold 25,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $21.74, for a total transaction of $543,500.00. Following the completion of the sale, the director directly owned 81,301 shares in the company, valued at approximately $1,767,483.74. The trade was a 23.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jerry Baack sold 20,000 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $20.25, for a total transaction of $405,000.00. Following the completion of the sale, the chief executive officer directly owned 1,157,769 shares in the company, valued at $23,444,822.25. This trade represents a 1.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 121,132 shares of company stock worth $2,589,969 in the last ninety days. 23.10% of the stock is owned by company insiders.

Bridgewater Bancshares 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.