Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Sold by Tradition Wealth Management LLC

Tradition Wealth Management LLC trimmed its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 364,670 shares of the company’s stock after selling 10,200 shares during the period. Tradition Wealth Management LLC’s holdings in Bridgewater Bancshares were worth $5,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in BWB. BNP Paribas Financial Markets grew its position in Bridgewater Bancshares by 18.0% during the 3rd 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. Empowered Funds LLC grew its position in Bridgewater Bancshares by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock worth $234,000 after purchasing an additional 804 shares during the period. Bank of New York Mellon Corp grew its position in Bridgewater Bancshares by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock worth $903,000 after purchasing an additional 994 shares during the period. Victory Capital Management Inc. grew its position in Bridgewater Bancshares by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock worth $740,000 after purchasing an additional 2,500 shares during the period. Finally, Sei Investments Co. grew its position in Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after purchasing an additional 2,713 shares during the period. 65.83% of the stock is owned by institutional investors and hedge funds.

Bridgewater Bancshares Price Performance

Shares of BWB opened at $14.90 on Friday. The business’s 50-day moving average is $14.70 and its two-hundred day moving average is $13.31. The company has a market capitalization of $408.71 million, a P/E ratio of 14.19 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. Bridgewater Bancshares, Inc. has a fifty-two week low of $10.29 and a fifty-two week high of $16.00.

Insiders Place Their Bets

In other news, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total transaction of $162,725.00. Following the sale, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. This represents a 0.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David B. Juran sold 14,531 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total transaction of $214,477.56. Following the sale, the director now directly owns 5,469 shares in the company, valued at approximately $80,722.44. The trade was a 72.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,546 shares of company stock valued at $665,325. Company insiders own 23.21% of the company’s stock.

Bridgewater Bancshares 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.