Insider Selling: 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 Bridgewater Bancshares stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.05, for a total transaction of $86,537.50. Following the sale, the director now directly owns 1,636 shares of the company’s stock, valued at approximately $24,621.80. This trade represents a 77.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bridgewater Bancshares Trading Down 0.5 %

Shares of Bridgewater Bancshares stock opened at $14.89 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The company has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $13.11. The stock has a market cap of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 12-month low of $10.18 and a 12-month high of $16.00.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Bridgewater Bancshares

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

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.