Douglas J. Parish Sells 5,750 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Douglas J. Parish sold 5,750 shares of the stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total transaction of $86,537.50. Following the transaction, the director now owns 1,636 shares in the company, valued at $24,621.80. The trade was a 77.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Stock Down 0.5 %

NASDAQ BWB traded down $0.08 during mid-day trading on Friday, reaching $14.89. The stock had a trading volume of 54,739 shares, compared to its average volume of 53,961. The stock has a market cap of $408.43 million, a PE ratio of 14.26 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 1 year low of $10.18 and a 1 year high of $16.00. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The company has a fifty day moving average price of $14.50 and a 200 day moving average price of $13.06.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of BWB. BNP Paribas Financial Markets grew its position in Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after buying an additional 676 shares during the period. Empowered Funds LLC grew its holdings in Bridgewater Bancshares by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock valued at $234,000 after buying an additional 804 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Bridgewater Bancshares by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock valued at $903,000 after buying an additional 994 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Bridgewater Bancshares by 0.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock valued at $3,866,000 after acquiring an additional 2,170 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Bridgewater Bancshares by 11.4% in the 3rd quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock worth $336,000 after acquiring an additional 2,422 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Piper Sandler increased their price target on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. DA Davidson boosted their target price on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 26th.

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.