Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells 5,750 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas J. Parish sold 5,750 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $15.05, for a total value of $86,537.50. Following the transaction, the director now directly owns 1,636 shares in the company, valued at approximately $24,621.80. This represents a 77.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Trading Down 0.5 %

Shares of Bridgewater Bancshares stock opened at $14.89 on Monday. The firm has a market cap of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 52-week low of $10.18 and a 52-week high of $16.00. The company’s 50-day simple moving average is $14.53 and its 200-day simple moving average is $13.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

Analyst Upgrades and Downgrades

BWB has been the subject of a number of recent research reports. Piper Sandler increased their price objective on Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. DA Davidson increased their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares in the second quarter valued at approximately $35,000. BNP Paribas Financial Markets lifted its holdings in Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after acquiring an additional 676 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth $100,000. D.A. Davidson & CO. acquired a new position in shares of Bridgewater Bancshares during the 3rd quarter worth $183,000. Finally, Martingale Asset Management L P purchased a new position in shares of Bridgewater Bancshares in the 3rd quarter valued at about $185,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Company 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.