Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas J. Parish Sells 5,750 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas J. Parish sold 5,750 shares of Bridgewater Bancshares stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total transaction of $86,537.50. Following the sale, the director now owns 1,636 shares of the company’s stock, valued at approximately $24,621.80. The trade was a 77.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bridgewater Bancshares Price Performance

NASDAQ:BWB opened at $14.89 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day moving average price of $14.53 and a 200-day moving average price of $13.08. Bridgewater Bancshares, Inc. has a 1-year low of $10.18 and a 1-year high of $16.00. The firm has a market cap of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BWB. Kennedy Capital Management LLC purchased a new stake in shares of Bridgewater Bancshares in the first quarter valued at approximately $1,396,000. Assenagon Asset Management S.A. grew its stake in Bridgewater Bancshares by 121.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock valued at $992,000 after acquiring an additional 38,461 shares during the period. Vanguard Group Inc. increased its holdings in Bridgewater Bancshares by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after acquiring an additional 7,223 shares in the last quarter. Riverwater Partners LLC acquired a new position in Bridgewater Bancshares during the second quarter worth $207,000. Finally, Victory Capital Management Inc. lifted its holdings in Bridgewater Bancshares by 4.1% during the second quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock valued at $740,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Piper Sandler boosted their price objective on Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, July 29th.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.