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 the company's 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 transaction, the director directly owned 8,107 shares in the company, valued at approximately $123,469.61. The trade was a 48.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Bridgewater Bancshares Price Performance

Shares of BWB stock traded up $0.01 during midday trading on Monday, reaching $15.62. 5,299 shares of the company were exchanged, compared to its average volume of 72,775. The company's 50 day moving average price is $15.74 and its two-hundred day moving average price is $14.76. The company has a market cap of $429.10 million, a P/E ratio of 12.80 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $17.66.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BWB. GAMMA Investing LLC grew its stake in shares of Bridgewater Bancshares by 1,665.1% during the 1st quarter. GAMMA Investing LLC now owns 20,210 shares of the company's stock worth $281,000 after acquiring an additional 19,065 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Bridgewater Bancshares by 544.0% during the fourth quarter. Deutsche Bank AG now owns 22,674 shares of the company's stock worth $306,000 after buying an additional 19,153 shares in the last quarter. Barclays PLC raised its stake in Bridgewater Bancshares by 16.9% in the fourth quarter. Barclays PLC now owns 30,378 shares of the company's stock valued at $411,000 after purchasing an additional 4,381 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Bridgewater Bancshares by 4.9% in 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 in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Bridgewater Bancshares in the fourth quarter valued at about $174,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BWB has been the topic of a number of research reports. DA Davidson raised their price target on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Piper Sandler boosted their price target on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th.

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.