Douglas Parish Sells 4,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas Parish sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $21.38, for a total transaction of $85,520.00. Following the transaction, the director owned 4,107 shares of the company’s stock, valued at approximately $87,807.66. This represents a 49.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Price Performance

NASDAQ BWB opened at $21.39 on Friday. Bridgewater Bancshares, Inc. has a 1-year low of $16.06 and a 1-year high of $22.62. The company has a market capitalization of $596.44 million, a price-to-earnings ratio of 11.62 and a beta of 0.58. The stock’s 50 day moving average is $21.41 and its two-hundred day moving average is $19.64. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90.

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

Institutional Investors Weigh In On Bridgewater Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares in the 2nd quarter valued at $32,000. BNP Paribas Financial Markets grew its holdings in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after purchasing an additional 1,046 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Bridgewater Bancshares during the second quarter worth $45,000. California State Teachers Retirement System increased its stake in shares of Bridgewater Bancshares by 445.6% in the second quarter. California State Teachers Retirement System now owns 6,165 shares of the company’s stock valued at $130,000 after buying an additional 5,035 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Bridgewater Bancshares in the first quarter valued at $178,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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