Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Sells $214,477.56 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David B. Juran sold 14,531 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,469 shares in the company, valued at approximately $80,722.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Trading Down 2.1 %

NASDAQ BWB opened at $14.30 on Friday. The company has a 50-day moving average of $14.33 and a 200-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. Bridgewater Bancshares, Inc. has a 12 month low of $9.75 and a 12 month high of $15.66. The company has a market cap of $391.11 million, a P/E ratio of 13.62 and a beta of 0.67.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares during the 2nd quarter valued at $35,000. SG Americas Securities LLC purchased a new stake in Bridgewater Bancshares during the third quarter valued at about $100,000. BNP Paribas Financial Markets increased its stake in Bridgewater Bancshares by 100.4% during the first quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock worth $119,000 after acquiring an additional 5,128 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Bridgewater Bancshares by 23.3% in the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after purchasing an additional 2,713 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Bridgewater Bancshares in the 1st quarter valued at about $170,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BWB shares. Piper Sandler raised their price target 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. DA Davidson boosted their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 26th.

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.