Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells 2,000 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas P. Trutna sold 2,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total value of $30,260.00. Following the completion of the sale, the director now owns 100,780 shares of the company’s stock, valued at approximately $1,524,801.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bridgewater Bancshares Price Performance

Shares of BWB stock traded up $0.01 during midday trading on Friday, reaching $14.99. 66,412 shares of the company traded hands, compared to its average volume of 53,450. Bridgewater Bancshares, Inc. has a 1-year low of $10.08 and a 1-year high of $16.00. The firm has a market cap of $409.98 million, a PE ratio of 14.27 and a beta of 0.67. The firm’s 50 day simple moving average is $14.41 and its two-hundred day simple moving average is $12.95. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BWB. Empowered Funds LLC grew its position in shares of Bridgewater Bancshares by 5.1% in the third quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock valued at $234,000 after purchasing an additional 804 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Bridgewater Bancshares in the third quarter worth $202,000. Sippican Capital Advisors lifted its position in shares of Bridgewater Bancshares by 5.4% in the third quarter. Sippican Capital Advisors now owns 85,510 shares of the company’s stock valued at $1,212,000 after acquiring an additional 4,375 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Bridgewater Bancshares by 121.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock valued at $992,000 after purchasing an additional 38,461 shares during the last quarter. Finally, Riverwater Partners LLC boosted its stake in shares of Bridgewater Bancshares by 31.5% during the 3rd quarter. Riverwater Partners LLC now owns 23,498 shares of the company’s stock worth $320,000 after purchasing an additional 5,627 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

About Bridgewater Bancshares

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.