Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) 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 value of $86,537.50. Following the transaction, the director now directly owns 1,636 shares of the company's stock, valued at $24,621.80. The trade was a 77.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bridgewater Bancshares Trading Down 0.5 %
BWB opened at $14.89 on Friday. The firm has a market capitalization of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. The company's 50 day simple moving average is $14.53 and its two-hundred day simple moving average is $13.08. 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.
Institutional Investors Weigh In On Bridgewater Bancshares
Several hedge funds and other institutional investors have recently made changes to their positions in BWB. Vanguard Group Inc. grew its holdings in Bridgewater Bancshares by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company's stock valued at $12,243,000 after buying an additional 7,223 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bridgewater Bancshares by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company's stock valued at $9,171,000 after acquiring an additional 37,090 shares during the last quarter. State Street Corp boosted its position in shares of Bridgewater Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 449,345 shares of the company's stock valued at $6,367,000 after acquiring an additional 4,874 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Bridgewater Bancshares by 18.3% in the second quarter. Acadian Asset Management LLC now owns 342,197 shares of the company's stock valued at $3,972,000 after purchasing an additional 53,024 shares during the period. Finally, Stieven Capital Advisors L.P. increased its position in Bridgewater Bancshares by 94.8% during the first quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company's stock worth $3,428,000 after purchasing an additional 143,376 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.
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Several brokerages recently commented on BWB. Piper Sandler boosted their price target 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 upped their target price on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, July 26th.
Get Our Latest Stock Report on Bridgewater Bancshares
Bridgewater Bancshares Company Profile
(
Get Free Report)
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.
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