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

Villanova Investment Management Co lessened its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 26.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,987 shares of the company’s stock after selling 34,800 shares during the period. Bridgewater Bancshares comprises approximately 1.9% of Villanova Investment Management Co’s investment portfolio, making the stock its 19th largest holding. Villanova Investment Management Co’s holdings in Bridgewater Bancshares were worth $1,916,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at approximately $37,145,000. Dimensional Fund Advisors LP boosted its holdings in Bridgewater Bancshares by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after buying an additional 25,899 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in Bridgewater Bancshares during the second quarter worth $9,145,000. Rhino Investment Partners Inc grew its position in Bridgewater Bancshares by 5.5% during the first quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company’s stock valued at $7,619,000 after buying an additional 22,502 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Bridgewater Bancshares by 11.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 348,022 shares of the company’s stock valued at $6,160,000 after buying an additional 34,454 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on BWB shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Bridgewater Bancshares in a report on Monday, September 14th. 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. Finally, Piper Sandler raised their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $23.67.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director Todd Urness sold 10,000 shares of the company’s 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 transaction, the director directly owned 856,722 shares in the company, valued at approximately $17,425,725.48. This represents a 1.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Jerry Baack sold 20,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $20.25, for a total transaction of $405,000.00. Following the transaction, the chief executive officer owned 1,157,769 shares of the company’s stock, valued at $23,444,822.25. This represents a 1.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 121,132 shares of company stock worth $2,589,969 in the last 90 days. 23.10% of the stock is owned by insiders.

Bridgewater Bancshares Stock Down 2.3%

Bridgewater Bancshares stock opened at $20.27 on Friday. The stock 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 12 month low of $16.06 and a 12 month high of $22.62. The business has a 50 day simple moving average of $20.71 and a 200-day simple moving average of $19.76. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.06 and a quick ratio of 1.06.

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

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.