Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells 2,060 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David B. Juran sold 2,060 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.66, for a total transaction of $30,199.60. Following the completion of the transaction, the director now owns 1,341,407 shares of the company’s stock, valued at $19,665,026.62. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Stock Performance

Shares of BWB traded down $0.08 during mid-day trading on Thursday, hitting $14.60. 41,563 shares of the company’s stock were exchanged, compared to its average volume of 51,843. Bridgewater Bancshares, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $15.66. The firm has a market capitalization of $399.31 million, a P/E ratio of 13.90 and a beta of 0.68. The business’s 50 day moving average is $14.29 and its two-hundred day moving average is $12.82. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.98.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BWB shares. DA Davidson upped their price objective on shares of 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 target price on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of Bridgewater Bancshares by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock worth $903,000 after buying an additional 994 shares during the period. Victory Capital Management Inc. raised its holdings in Bridgewater Bancshares by 4.1% during the second 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 in the last quarter. Sei Investments Co. raised its holdings in Bridgewater Bancshares by 23.3% during the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after purchasing an additional 2,713 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares during the second quarter worth about $35,000. Finally, Sippican Capital Advisors raised its holdings in Bridgewater Bancshares by 5.4% during the third quarter. Sippican Capital Advisors now owns 85,510 shares of the company’s stock worth $1,212,000 after purchasing an additional 4,375 shares in 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.