Director of Bridgewater Bancshares Sells Shares

On November 7th, Thomas P. Trutna, a director of Bridgewater Bancshares, Inc. (NASDAQ:BWB), sold 2,000 shares of the company’s stock. The shares were sold at an average price of $15.13, leading to a total transaction value of $30,260. As a result of this sale, Trutna retains 100,780 shares in Bridgewater Bancshares, which are currently valued at about $1,524,801.40. Notably, this sale represents no change in percentage ownership in the stock. This transaction was disclosed in a filing to the Securities & Exchange Commission that is publicly available.

Bridgewater Bancshares stock experienced slight movement following the transaction. On the following day, shares traded at $14.99, reflecting a minor increase of $0.01. In total, 66,412 shares exchanged hands on this particular day, surpassing the company's average trading volume of 53,450 shares. Over the past year, Bridgewater Bancshares has seen a lowest price of $10.08 and a highest price of $16.00. The company boasts a market capitalization of approximately $409.98 million, with a price-to-earnings ratio of 14.27 and a beta value of 0.67. For further insights, the firm's 50-day simple moving average is recorded at $14.41, while the 200-day moving average stands at $12.95. Its debt-to-equity ratio is calculated at 1.11, along with a current ratio and quick ratio both at 1.02.

Recent Analyst Ratings

Bridgewater Bancshares has garnered attention from various analysts. Notably, DA Davidson upgraded their price target from $14.00 to $17.00, supporting a 'buy' rating for the stock on July 26. Similarly, Piper Sandler raised their price target for Bridgewater Bancshares from $13.00 to $17.00, assigning the shares an 'overweight' rating on July 29.

Institutional Investment Dynamics

In recent months, several institutional investors have adjusted their positions in Bridgewater Bancshares. Empowered Funds LLC increased its holdings by 5.1% in the third quarter, now owning 16,523 shares valued at $234,000 after acquiring 804 additional shares. In the same period, GSA Capital Partners LLP entered a new position, investing approximately $202,000 in Bridgewater Bancshares. Moreover, Sippican Capital Advisors expanded their stake by 5.4%, now holding 85,510 shares worth $1,212,000 following the purchase of 4,375 shares. Assenagon Asset Management S.A. also ramped up ownership by 121.9%, owning 70,025 shares valued at $992,000 after adding 38,461 shares. Riverwater Partners LLC boosted their holdings by 31.5%, leading to ownership of 23,498 shares worth $320,000. Collectively, institutional investors and hedge funds control 65.83% of the total shares in Bridgewater Bancshares.

Overview of Bridgewater Bancshares

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

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