Bridgewater Bancshares (NASDAQ:BWB) Director Douglas Parish Sells 4,000 Shares of Stock

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

Bridgewater Bancshares Trading Up 0.6%

BWB stock opened at $21.39 on Friday. Bridgewater Bancshares, Inc. has a 52 week low of $16.06 and a 52 week high of $22.62. The company has a market capitalization of $596.35 million, a PE ratio of 11.62 and a beta of 0.58. The company’s 50-day simple moving average is $21.42 and its 200 day simple moving average is $19.63. 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:BWB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The firm had revenue of $40.89 million during the quarter, compared to the consensus estimate of $41.43 million. As a group, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Stephens upgraded 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. Finally, 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. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Inspire Investing LLC grew its holdings in 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 raised its holdings in shares of Bridgewater Bancshares by 6.2% in the 4th quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock worth $230,000 after purchasing an additional 770 shares during the period. Villanova Investment Management Co LLC boosted its position in Bridgewater Bancshares by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock worth $3,286,000 after purchasing an additional 770 shares during the period. LPL Financial LLC raised its stake in shares of Bridgewater Bancshares by 7.8% during the 4th 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 boosted its stake in Bridgewater Bancshares by 0.6% in the 4th 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 period. 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.