Insider Selling at Bridgewater Bancshares, Inc.

On Thursday, November 7th, Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas P. Trutna executed a transaction in which he sold 2,000 shares of the company’s stock. The shares were sold at an average price of $15.13, amounting to a total sale value of $30,260.00. After this transaction, Trutna now holds 100,780 shares of the company, with a total value of approximately $1,524,801.40. This sale represented no change in his overall percentage of ownership in the company’s stock. Details of this transaction were disclosed in a filing with the Securities & Exchange Commission.

Recent Performance of Bridgewater Bancshares

Following the insider sale, Bridgewater Bancshares shares increased by $0.01 on Friday, reaching a trading price of $14.99. In total, 66,412 shares of the company changed hands, compared to its average volume of 53,450. Over the past year, the stock has seen a low of $10.08 and a high of $16.00. The company currently holds a market capitalization of $409.98 million and has a price-to-earnings ratio of 14.27, with a beta of 0.67. The stock's 50-day moving average stands at $14.41 and its 200-day moving average is $12.95. Other financial ratios include a debt-to-equity ratio of 1.11 and both current and quick ratios of 1.02.

Insights from Analysts

Bridgewater Bancshares has been featured in recent analyst reports. DA Davidson raised their price target for the stock from $14.00 to $17.00 and issued a "buy" rating on July 26th. Similarly, Piper Sandler also increased its price target from $13.00 to $17.00, giving the stock an "overweight" rating on July 29th.

Institutional Investment Trends

There has been a notable shift among institutional investors regarding their positions in BWB. For example, Empowered Funds LLC increased its holdings in Bridgewater Bancshares by 5.1% in the third quarter, now owning 16,523 shares with a market value of $234,000. GSA Capital Partners LLP entered into a new position with shares valued at $202,000. Sippican Capital Advisors expanded its investment by 5.4%, resulting in a total of 85,510 shares worth $1,212,000. Additionally, Assenagon Asset Management S.A. grew its stake by 121.9%, now holding 70,025 shares valued at $992,000. Riverwater Partners LLC also boosted its holdings by 31.5%, ending up with 23,498 shares worth $320,000. Overall, institutional investors and hedge funds now control 65.83% of the company’s stock.

Company Overview

Bridgewater Bancshares, Inc. serves as the bank holding company for Bridgewater Bank, offering a variety of banking products and services primarily to commercial real estate investors, entrepreneurs, business clients, and individuals throughout the United States. Their services include savings accounts, money market accounts, demand deposits, and certificates of deposit, among others.

insider, selling, stocks