Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells 14,531 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David B. Juran sold 14,531 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $14.76, for a total value of $214,477.56. Following the completion of the transaction, the director now directly owns 5,469 shares in the company, valued at $80,722.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB opened at $14.30 on Friday. The firm has a 50-day moving average of $14.33 and a two-hundred day moving average of $12.86. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $391.11 million, a P/E ratio of 13.62 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 1-year low of $9.75 and a 1-year high of $15.66.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. DA Davidson increased their target price on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Piper Sandler increased their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, July 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings 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 last quarter. Victory Capital Management Inc. increased its stake in shares of Bridgewater Bancshares by 4.1% in the second quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock worth $740,000 after buying an additional 2,500 shares during the last quarter. Sei Investments Co. boosted its stake in Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after acquiring an additional 2,713 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares during the 2nd quarter valued at $35,000. Finally, Sippican Capital Advisors grew its holdings in Bridgewater Bancshares by 5.4% during the 3rd quarter. Sippican Capital Advisors now owns 85,510 shares of the company’s stock worth $1,212,000 after acquiring an additional 4,375 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.