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 the stock in a transaction dated 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 in the company, valued at $87,807.66. This represents a 49.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB traded up $0.12 during trading hours on Thursday, reaching $21.39. The company had a trading volume of 74,288 shares, compared to its average volume of 120,780. The firm has a market cap of $596.35 million, a PE ratio of 11.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. The business’s 50 day moving average price is $21.42 and its 200-day moving average price is $19.62. Bridgewater Bancshares, Inc. has a 1-year low of $16.06 and a 1-year high of $22.62.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The business had revenue of $40.89 million during the quarter, compared to the consensus estimate of $41.43 million. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new stake in shares of Bridgewater Bancshares in the second quarter valued at about $407,000. Squarepoint Ops LLC boosted its position in Bridgewater Bancshares by 13.5% during the second quarter. Squarepoint Ops LLC now owns 106,492 shares of the company’s stock worth $2,241,000 after acquiring an additional 12,627 shares during the last quarter. California State Teachers Retirement System grew its stake in Bridgewater Bancshares by 445.6% during the 2nd quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock valued at $130,000 after acquiring an additional 5,035 shares in the last quarter. Ancora Advisors LLC raised its holdings in Bridgewater Bancshares by 1.0% in the 2nd quarter. Ancora Advisors LLC now owns 238,580 shares of the company’s stock valued at $5,020,000 after acquiring an additional 2,340 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Bridgewater Bancshares in the 2nd quarter valued at about $2,086,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BWB shares. Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Thursday, August 6th. Finally, Piper Sandler increased their target price on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Bridgewater Bancshares Company Profile

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.