Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas P. Trutna Sells 2,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Thomas P. Trutna sold 2,000 shares of the business's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $15.13, for a total value of $30,260.00. Following the sale, the director now owns 100,780 shares in the company, valued at approximately $1,524,801.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Stock Up 0.1 %

Shares of BWB stock traded up $0.01 during trading on Friday, hitting $14.99. 73,136 shares of the company were exchanged, compared to its average volume of 53,643. The business's 50-day simple moving average is $14.42 and its 200 day simple moving average is $12.98. Bridgewater Bancshares, Inc. has a twelve month low of $10.08 and a twelve month high of $16.00. The firm has a market capitalization of $411.18 million, a price-to-earnings ratio of 14.28 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Bridgewater Bancshares by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company's stock valued at $12,243,000 after acquiring an additional 7,223 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bridgewater Bancshares by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company's stock valued at $9,171,000 after purchasing an additional 37,090 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company's stock valued at $3,972,000 after purchasing an additional 53,024 shares during the last quarter. Stieven Capital Advisors L.P. boosted its holdings in Bridgewater Bancshares by 94.8% in the first quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company's stock worth $3,428,000 after purchasing an additional 143,376 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Bridgewater Bancshares by 1.6% during the second quarter. American Century Companies Inc. now owns 284,904 shares of the company's stock worth $3,308,000 after buying an additional 4,450 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.

Analyst Upgrades and Downgrades

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

Bridgewater Bancshares Company Profile

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.