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

Key Points

• Director Douglas Parish sold 4,000 shares of Bridgewater Bancshares at an average price of $21.38, generating $85,520. Following the sale, he retained 4,107 shares, reducing his position by 49.34%.
• Bridgewater Bancshares stock recently traded at $21.39, with a market capitalization of approximately $596 million. The company reported quarterly EPS of $0.45, in line with analyst expectations, and revenue of $40.89 million.
• Analyst sentiment remains positive: four analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of $23.67.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Douglas Parish sold 4,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $21.38, for a total value of $85,520.00. Following the completion of the sale, the director directly owned 4,107 shares in the company, valued at approximately $87,807.66. The trade was a 49.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock traded up $0.12 during mid-day trading on Thursday, reaching $21.39. 74,288 shares of the company's stock traded hands, compared to its average volume of 120,780. The stock has a 50 day moving average of $21.42 and a two-hundred day moving average of $19.62. Bridgewater Bancshares, Inc. has a 12-month low of $16.06 and a 12-month high of $22.62. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The company has a market cap of $596.35 million, a price-to-earnings ratio of 11.62 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The firm had revenue of $40.89 million for the quarter, compared to analysts' expectations of $41.43 million. Equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Trading of Bridgewater Bancshares

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Bridgewater Bancshares during the 2nd quarter valued at approximately $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 valued at $38,000 after buying an additional 1,046 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter valued at $45,000. California State Teachers Retirement System raised its stake in Bridgewater Bancshares by 445.6% in the 2nd quarter. California State Teachers Retirement System now owns 6,165 shares of the company's stock worth $130,000 after acquiring an additional 5,035 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in Bridgewater Bancshares in the 1st quarter worth $178,000. Hedge funds and other institutional investors own 65.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stephens upgraded Bridgewater Bancshares from an "equal weight" rating to an "overweight" rating and set a $25.00 price target on the stock in a report on Thursday, August 6th. Piper Sandler raised their target price on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded 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 stock. According to data from MarketBeat, Bridgewater Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.67.

About Bridgewater Bancshares

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.

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