Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells $86,537.50 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas J. Parish sold 5,750 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.05, for a total value of $86,537.50. Following the sale, the director now directly owns 1,636 shares in the company, valued at $24,621.80. This trade represents a 77.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock opened at $14.89 on Friday. Bridgewater Bancshares, Inc. has a 12 month low of $10.18 and a 12 month high of $16.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a market cap of $408.43 million, a PE ratio of 14.18 and a beta of 0.67. The business has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $13.10.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently bought and sold shares of BWB. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares during the 2nd quarter valued at about $35,000. BNP Paribas Financial Markets boosted its holdings in shares of Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bridgewater Bancshares during the third quarter worth approximately $100,000. D.A. Davidson & CO. purchased a new position in Bridgewater Bancshares during the third quarter valued at approximately $183,000. Finally, Martingale Asset Management L P acquired a new position in Bridgewater Bancshares in the 3rd quarter valued at approximately $185,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.