Insider Selling at Bridgewater Bancshares, Inc.

On November 7th, Thomas P. Trutna, a director at Bridgewater Bancshares, Inc. (NASDAQ:BWB), sold 2,000 shares of the company’s stock. The shares were sold at an average price of $15.13 each, resulting in a total transaction value of $30,260. Following this sale, Trutna retains ownership of 100,780 shares in the company, which are currently valued at about $1,524,801.40. This transaction reflects no change in their overall percentage of ownership in Bridgewater Bancshares.

Bridgewater Bancshares Price Movement

During midday trading on the following day, Bridgewater Bancshares’ stock price increased by $0.01, reaching $14.99. The trading volume stood at 66,412 shares, which is higher than the average volume of 53,450 shares. Over the past year, the stock has seen a low of $10.08 and a high of $16.00. Bridgewater Bancshares currently has a market capitalization of approximately $409.98 million, a price-to-earnings (PE) ratio of 14.27, and a beta value of 0.67. The company's 50-day simple moving average is $14.41, and the 200-day simple moving average is $12.95. Additionally, the firm has a debt-to-equity ratio of 1.11, a current ratio of 1.02, and a quick ratio of 1.02.

Analyst Ratings Updates

Bridgewater Bancshares has been featured in multiple analyst reports recently. Notably, DA Davidson raised their price target from $14.00 to $17.00, classifying the stock as a "buy". Similarly, Piper Sandler also increased their target price for the stock from $13.00 to $17.00, giving it an "overweight" rating.

Institutional Investor Activity

Several institutional investors have made changes to their positions in Bridgewater Bancshares recently. Empowered Funds LLC increased its position by 5.1%, now owning 16,523 shares valued at $234,000 after buying an additional 804 shares. GSA Capital Partners LLP established a new stake valued at $202,000 during the third quarter. Additionally, Sippican Capital Advisors upped their stake in the company by 5.4%, now holding 85,510 shares valued at $1,212,000 after acquiring an extra 4,375 shares. Assenagon Asset Management S.A. raised its stake significantly by 121.9%, owning 70,025 shares worth $992,000 after buying 38,461 shares in the last quarter. Riverwater Partners LLC also grew their investment by 31.5%, controlling 23,498 shares valued at $320,000. Overall, institutional investors hold 65.83% of the company's stock.

Overview of Bridgewater Bancshares

Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank. It provides a range of banking products and services targeted mainly at commercial real estate investors, business clients, entrepreneurs, and individual customers in the United States. The firm offers services such as savings and money market accounts, demand deposits, time and brokered deposits, certificates of deposit, and both interest and non-interest bearing transaction accounts.

Insider, Selling, Stock