Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas J. Parish Sells 7,500 Shares

Key Points

• Director Douglas J. Parish sold 7,500 shares of Bridgewater Bancshares at an average price of $15.23, reducing his holdings by 48.06%.
• Bridgewater Bancshares recently reported a quarterly EPS of $0.37, exceeding analysts' expectations, and had revenue of $35.61 million, surpassing the consensus estimate of $32.03 million.
• Multiple analysts have recently raised their price targets for Bridgewater Bancshares, with Piper Sandler increasing its target from $19.00 to $20.00 and DA Davidson raising it to the same level, both maintaining an "overweight" or "buy" rating.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Douglas J. Parish sold 7,500 shares of Bridgewater Bancshares stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $15.23, for a total value of $114,225.00. Following the completion of the sale, the director directly owned 8,107 shares of the company's stock, valued at approximately $123,469.61. The trade was a 48.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Bridgewater Bancshares Price Performance

NASDAQ:BWB traded up $0.08 during trading hours on Thursday, reaching $15.44. The stock had a trading volume of 63,867 shares, compared to its average volume of 73,493. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $423.67 million, a PE ratio of 12.66 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $17.66. The company has a 50 day moving average price of $15.71 and a two-hundred day moving average price of $14.72.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. The company had revenue of $35.61 million for the quarter, compared to the consensus estimate of $32.03 million. As a group, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BWB. Dimensional Fund Advisors LP raised its position in Bridgewater Bancshares by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company's stock valued at $11,859,000 after purchasing an additional 40,683 shares during the period. Alliancebernstein L.P. raised its holdings in Bridgewater Bancshares by 13.3% during the 4th quarter. Alliancebernstein L.P. now owns 493,592 shares of the company's stock valued at $6,668,000 after buying an additional 57,981 shares during the period. American Century Companies Inc. lifted its position in Bridgewater Bancshares by 24.4% in the first quarter. American Century Companies Inc. now owns 385,997 shares of the company's stock worth $5,361,000 after buying an additional 75,730 shares during the last quarter. Acadian Asset Management LLC lifted its position in Bridgewater Bancshares by 2.7% in the first quarter. Acadian Asset Management LLC now owns 370,052 shares of the company's stock worth $5,138,000 after buying an additional 9,588 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its position in Bridgewater Bancshares by 0.6% during the first quarter. Tradition Wealth Management LLC now owns 357,516 shares of the company's stock valued at $4,966,000 after acquiring an additional 2,175 shares during the last quarter. Institutional investors own 65.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, July 28th. DA Davidson raised their price target on Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, July 25th.

About Bridgewater Bancshares

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.

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