Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells $70,575.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director James S. Johnson sold 4,705 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.00, for a total transaction of $70,575.00. Following the sale, the director now owns 93,646 shares in the company, valued at approximately $1,404,690. This trade represents a 4.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Stock Up 0.4 %

Shares of Bridgewater Bancshares stock opened at $15.06 on Monday. Bridgewater Bancshares, Inc. has a twelve month low of $10.18 and a twelve month high of $16.00. The company has a fifty day moving average price of $14.64 and a 200 day moving average price of $13.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a market cap of $413.04 million, a price-to-earnings ratio of 14.34 and a beta of 0.67.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 100.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock valued at $119,000 after purchasing an additional 5,128 shares during the period. Vanguard Group Inc. raised its holdings in shares of Bridgewater Bancshares by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after purchasing an additional 7,223 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Bridgewater Bancshares during the first quarter valued at approximately $1,396,000. Riverwater Partners LLC bought a new position in shares of Bridgewater Bancshares in the second quarter valued at $207,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Bridgewater Bancshares by 1.3% in 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 in the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler lifted their price target on Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, July 29th.

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.