James S. Johnson Sells 4,705 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director James S. Johnson sold 4,705 shares of the business’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 value of $70,575.00. Following the completion of the sale, the director now owns 93,646 shares of the company’s stock, valued at approximately $1,404,690. This trade represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB opened at $15.06 on Friday. The firm has a market capitalization of $413.04 million, a price-to-earnings ratio of 14.34 and a beta of 0.67. Bridgewater Bancshares, Inc. has a one year low of $10.18 and a one year high of $16.00. The business has a fifty day simple moving average of $14.64 and a 200 day simple moving average of $13.21. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds have recently made changes to their positions in BWB. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bridgewater Bancshares during the 2nd quarter valued at about $35,000. BNP Paribas Financial Markets lifted its stake in Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC acquired a new stake in Bridgewater Bancshares during the third quarter valued at approximately $100,000. Sei Investments Co. grew its stake in shares of Bridgewater Bancshares by 23.3% in the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after purchasing an additional 2,713 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in shares of Bridgewater Bancshares in the 3rd quarter valued at approximately $183,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analysts Set New Price Targets

Separately, Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note 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.