Insider Selling at Bridgewater Bancshares, Inc.

On November 7th, Thomas P. Trutna, a director at Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report), sold 2,000 shares of the company's stock. The shares were sold at an average price of $15.13 each, leading to a total transaction value of $30,260.00. Following this sale, Trutna now holds 100,780 shares, which are valued at approximately $1,524,801.40. This sale resulted in no change in the percentage of shares owned by the director, indicating a 0.00% decrease in ownership. The transaction has been officially reported in a filing with the Securities and Exchange Commission (SEC).

Last checked on November 8th, shares of Bridgewater Bancshares traded slightly higher, reaching $14.99 during midday trading. Around 66,412 shares exchanged hands that day, surpassing the average trading volume of 53,450 shares. Over the past year, the stock experienced a low of $10.08 and a high of $16.00. Currently, Bridgewater Bancshares has a market capitalization of $409.98 million, a PE ratio of 14.27, and a beta of 0.67. As of now, its 50-day simple moving average stands at $14.41, while the two-hundred-day average is at $12.95. With a debt-to-equity ratio of 1.11, a current ratio of 1.02, and a quick ratio of 1.02, the company maintains a stable financial position.

Recent Analyst Ratings for Bridgewater Bancshares

Various analysts have recently provided updates regarding Bridgewater Bancshares. Notably, DA Davidson raised their price target from $14.00 to $17.00 and assigned a "buy" rating to the stock in a report dated July 26th. Similarly, on July 29th, Piper Sandler also increased their price target for Bridgewater Bancshares from $13.00 to $17.00, labeling the shares as "overweight."

Institutional investors appear to be actively adjusting their positions in Bridgewater Bancshares. In the third quarter, Empowered Funds LLC increased its stake in the company by 5.1%, acquiring an additional 804 shares and now owns a total of 16,523 shares valued at $234,000. GSA Capital Partners LLP also took a new position worth $202,000 in the same quarter. Sippican Capital Advisors raised its ownership by 5.4%, acquiring an additional 4,375 shares, bringing their total to 85,510 shares valued at $1,212,000. Furthermore, Assenagon Asset Management S.A. boosted their stake by 121.9%, now holding 70,025 shares valued at $992,000 after purchasing another 38,461 shares. Riverwater Partners LLC increased their position by 31.5%, owning 23,498 shares worth $320,000. In total, institutional investors and hedge funds own approximately 65.83% of the company's stock.

Overview of Bridgewater Bancshares

Bridgewater Bancshares, Inc. functions as the bank holding company for Bridgewater Bank, offering a range of banking products and services aimed at commercial real estate investors, entrepreneurs, and individual customers across the United States. These services include savings accounts, money market accounts, demand deposits, certificates of deposit, and various transaction accounts, both interest-bearing and non-interest-bearing.

Insider, Selling, Shares