Bridgewater Bancshares (NASDAQ:BWB) Director Sells $203,400.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Todd Urness sold 10,000 shares of Bridgewater Bancshares stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $20.34, for a total transaction of $203,400.00. Following the completion of the sale, the director owned 856,722 shares in the company, valued at $17,425,725.48. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bridgewater Bancshares Price Performance

Shares of BWB traded down $0.13 during trading hours on Friday, reaching $20.21. The stock had a trading volume of 139,320 shares, compared to its average volume of 118,161. The company’s 50-day moving average is $20.81 and its two-hundred day moving average is $19.70. Bridgewater Bancshares, Inc. has a 12 month low of $16.06 and a 12 month high of $22.62. The stock has a market capitalization of $563.45 million, a PE ratio of 10.36 and a beta of 0.63. 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 announced its quarterly earnings results on Tuesday, October 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.02. Bridgewater Bancshares had a return on equity of 11.66% 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. Research analysts expect that Bridgewater Bancshares, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

BWB has been the subject of several research reports. 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 research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b+)” rating on shares of Bridgewater Bancshares in a research report on Monday, September 14th. Finally, Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Thursday, August 6th. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $23.67.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in Bridgewater Bancshares during the 2nd quarter valued at $37,145,000. Dimensional Fund Advisors LP grew its position in Bridgewater Bancshares by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock valued at $18,735,000 after buying an additional 25,899 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth $9,145,000. Rhino Investment Partners Inc grew its holdings in shares of Bridgewater Bancshares by 5.5% in the 1st quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company’s stock worth $7,619,000 after acquiring an additional 22,502 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Bridgewater Bancshares by 11.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,022 shares of the company’s stock valued at $6,160,000 after purchasing an additional 34,454 shares during the period. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

About Bridgewater Bancshares

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.