Villanova Investment Management Co LLC Sells 104,834 Shares of Bridgewater Bancshares, Inc. $BWB

Key Points

• Villanova Investment Management Co LLC significantly reduced its stake in Bridgewater Bancshares by 64.4%, selling 104,834 shares, which now makes up about 2.3% of their investment portfolio.
• Several institutional investors, including Tower Research Capital LLC and GAMMA Investing LLC, have substantially increased their holdings in Bridgewater Bancshares, reflecting growing investor interest.
• Analysts have a positive outlook on Bridgewater Bancshares, with an average rating of "Buy" and a consensus price target increased to $20.00.

Villanova Investment Management Co LLC lowered its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 64.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,869 shares of the company's stock after selling 104,834 shares during the quarter. Bridgewater Bancshares accounts for approximately 2.3% of Villanova Investment Management Co LLC's investment portfolio, making the stock its 13th biggest holding. Villanova Investment Management Co LLC owned 0.21% of Bridgewater Bancshares worth $804,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of BWB. American Century Companies Inc. increased its stake in shares of Bridgewater Bancshares by 24.4% during the 1st quarter. American Century Companies Inc. now owns 385,997 shares of the company's stock worth $5,361,000 after purchasing an additional 75,730 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Bridgewater Bancshares during the 1st quarter worth approximately $776,000. Jane Street Group LLC purchased a new stake in shares of Bridgewater Bancshares during the 1st quarter worth approximately $357,000. Deutsche Bank AG increased its stake in shares of Bridgewater Bancshares by 544.0% during the 4th quarter. Deutsche Bank AG now owns 22,674 shares of the company's stock worth $306,000 after purchasing an additional 19,153 shares during the last quarter. Finally, GAMMA Investing LLC increased 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 purchasing an additional 19,065 shares during the last quarter. Institutional investors own 65.83% of the company's stock.

Insider Activity

In other news, Director Thomas P. Trutna sold 6,152 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $16.40, for a total transaction of $100,892.80. Following the completion of the transaction, the director directly owned 94,496 shares in the company, valued at $1,549,734.40. The trade was a 6.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $114,225.00. Following the sale, the director directly owned 8,107 shares of the company's stock, valued at $123,469.61. This represents a 48.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 94,298 shares of company stock worth $1,508,238. Company insiders own 23.27% of the company's stock.

Bridgewater Bancshares Price Performance

Shares of BWB traded up $0.09 during mid-day trading on Friday, reaching $16.64. 484,860 shares of the stock traded hands, compared to its average volume of 47,929. The firm has a fifty day moving average price of $16.13 and a 200 day moving average price of $15.08. The company has a market cap of $457.32 million, a price-to-earnings ratio of 13.64 and a beta of 0.58. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.25. Bridgewater Bancshares, Inc. has a 1 year low of $11.93 and a 1 year high of $17.66.

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

Analysts Set New Price Targets

BWB has been the subject of a number of recent research reports. DA Davidson lifted their price objective 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 lifted their price objective on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $20.00.

Bridgewater Bancshares 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.