Insider Selling: Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells 2,000 Shares of Stock

On November 7th, Thomas P. Trutna, a director at Bridgewater Bancshares, Inc. (NASDAQ:BWB), executed a transaction involving the sale of 2,000 shares of the company's stock. The shares were sold at an average price of $15.13, which brought in a total value of $30,260. Following this sale, Trutna now holds 100,780 shares valued at approximately $1,524,801.40. The sale represents a negligible change of 0.00% in his ownership of the stock. This transaction has been officially documented in a filing with the Securities and Exchange Commission (SEC).

Bridgewater Bancshares Price Performance

During midday trading on the following day, shares of BWB experienced a slight increase, trading up by $0.01 to a price of $14.99. A total of 66,412 shares changed hands, which is more than the average volume of 53,450 shares. Over the past year, Bridgewater Bancshares has seen its stock reach a low of $10.08 and a high of $16.00. The company currently has a market capitalization of $409.98 million and a price-to-earnings (PE) ratio of 14.27, with a beta of 0.67. Additionally, its 50-day simple moving average stands at $14.41, while the 200-day simple moving average is $12.95. The company reports a debt-to-equity ratio of 1.11 and both a current and quick ratio of 1.02.

Analyst Ratings Changes

Bridgewater Bancshares has garnered attention from several analysts recently. On July 26th, DA Davidson raised their price target for the stock from $14.00 to $17.00, designating it with a "buy" rating. Following this, Piper Sandler also upped their price target from $13.00 to $17.00 and rated the shares as "overweight" in a report released on July 29th.

Institutional Inflows and Outflows

Recent activity among institutional investors shows a trend of increasing positions in Bridgewater Bancshares. Empowered Funds LLC added to its stake by 5.1% during the third quarter, acquiring 16,523 shares valued at $234,000 after purchasing an additional 804 shares. Meanwhile, GSA Capital Partners LLP made its first acquisition of shares, worth $202,000. Sippican Capital Advisors raised its holding by 5.4%, now owning 85,510 shares valued at $1,212,000. Assenagon Asset Management S.A. significantly increased its stake by 121.9%, holding 70,025 shares now valued at $992,000. Riverwater Partners LLC also grew its share count, increasing by 31.5% to own 23,498 shares worth $320,000. Overall, institutional investors and hedge funds currently own approximately 65.83% of the company’s stock.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc. serves as the bank holding company for Bridgewater Bank, providing a variety of banking products and services aimed at commercial real estate investors, entrepreneurs, business clients, and individual customers across the United States. Their offerings include savings and money market accounts, time deposits, demand deposits, and both interest and non-interest bearing transaction accounts, along with certificates of deposit.

Insider, Selling, Bridgewater