Foundry Partners LLC Raises Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Foundry Partners LLC boosted its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 111.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,010 shares of the company's stock after acquiring an additional 88,110 shares during the quarter. Foundry Partners LLC owned 0.61% of Bridgewater Bancshares worth $2,367,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth $35,000. SG Americas Securities LLC purchased a new stake in shares of Bridgewater Bancshares during the third quarter worth about $100,000. BNP Paribas Financial Markets raised its stake in Bridgewater Bancshares by 100.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company's stock valued at $119,000 after purchasing an additional 5,128 shares during the period. Sei Investments Co. lifted its holdings in 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 in the last quarter. Finally, GSA Capital Partners LLP bought a new position in Bridgewater Bancshares in the 3rd quarter worth approximately $202,000. Institutional investors own 65.83% of the company's stock.

Insider Activity

In other Bridgewater Bancshares news, Director Douglas J. Parish sold 5,750 shares of the company's stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.05, for a total value of $86,537.50. Following the transaction, the director now owns 1,636 shares of the company's stock, valued at $24,621.80. This represents a 77.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David B. Juran sold 14,531 shares of the company's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total transaction of $214,477.56. Following the completion of the transaction, the director now owns 5,469 shares in the company, valued at approximately $80,722.44. The trade was a 72.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,546 shares of company stock valued at $665,325 in the last ninety days. Insiders own 23.21% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BWB shares. Piper Sandler increased their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an "overweight" rating in a report on Monday, July 29th. DA Davidson increased their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a "buy" rating in a research note on Friday, July 26th.

Bridgewater Bancshares Trading Up 0.4 %

BWB traded up $0.06 on Friday, hitting $15.06. The company had a trading volume of 70,768 shares, compared to its average volume of 54,099. The business's fifty day simple moving average is $14.64 and its 200 day simple moving average is $13.20. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a 12-month low of $10.18 and a 12-month high of $16.00. The company has a market cap of $413.10 million, a PE ratio of 14.34 and a beta of 0.67.

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.