Insider Selling at Bridgewater Bancshares, Inc. (NASDAQ:BWB)

On Thursday, November 7th, Thomas P. Trutna, a director at Bridgewater Bancshares, Inc. (NASDAQ:BWB), sold 2,000 shares of the company’s stocks. The transaction occurred at an average share price of $15.13, leading to a total sale value of $30,260. After this sale, Trutna maintains ownership of 100,780 shares, which are currently worth about $1,524,801.40. This selling activity represents a 0.00% decrease in his total shareholding.

The details of this transaction have been reported in a legal filing with the Securities and Exchange Commission (SEC), which can be viewed through their official website.

Recent Performance of Bridgewater Bancshares

On the following trading day, shares of BWB rose by $0.01, reaching $14.99. During that trading session, a total of 66,412 shares were exchanged, a figure higher than the company’s average trading volume of 53,450 shares. Over the past year, the stock has hit a low of $10.08 and a high of $16.00. Currently, Bridgewater Bancshares has a market capitalization of $409.98 million, a price-to-earnings (PE) ratio of 14.27, and a beta value of 0.67, indicating lower volatility compared to the market. The company’s 50-day simple moving average rests at $14.41, while its 200-day moving average is $12.95. Financial ratios show a debt-to-equity ratio of 1.11 and both a current ratio and quick ratio at 1.02.

Analyst Insights

Bridgewater Bancshares has recently been featured in several analysts' reports. For instance, DA Davidson raised its price target from $14.00 to $17.00 and classified the stock with a “buy” rating in a report on July 26th. Similarly, Piper Sandler updated its price target from $13.00 to $17.00, assigning an “overweight” rating on July 29th.

Institutional Investment Trends

Recent changes among institutional investors also highlight a shift in stock positions for Bridgewater Bancshares. Empowered Funds LLC increased its position by 5.1% during the third quarter, now holding 16,523 shares valued at $234,000 after acquiring an added 804 shares. Additionally, GSA Capital Partners LLP initiated a new position valued at $202,000 in the same quarter. Other institutional players like Sippican Capital Advisors and Assenagon Asset Management S.A. have also increased their stakes, further indicating a positive outlook among institutional investors with 65.83% of the company’s stock now under their management.

Company Overview

Bridgewater Bancshares, Inc. acts as the bank holding company for Bridgewater Bank, which provides a diverse range of banking products and services. Targeting commercial real estate investors, entrepreneurs, and individuals across the U.S., the company offers various financial solutions, including savings accounts, money market accounts, and certificates of deposit.

Insider, Selling, Stocks