Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David B. Juran Sells 14,531 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director David B. Juran sold 14,531 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total transaction of $214,477.56. Following the transaction, the director now directly owns 5,469 shares of the company’s stock, valued at $80,722.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock traded down $0.08 during mid-day trading on Thursday, hitting $14.60. 41,563 shares of the company’s stock traded hands, compared to its average volume of 51,843. The firm has a 50 day simple moving average of $14.29 and a two-hundred day simple moving average of $12.82. Bridgewater Bancshares, Inc. has a fifty-two week low of $9.27 and a fifty-two week high of $15.66. The stock has a market cap of $399.31 million, a price-to-earnings ratio of 13.90 and a beta of 0.68. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently added to or reduced their stakes in BWB. BNP Paribas Financial Markets lifted its holdings 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 last quarter. Sippican Capital Advisors lifted its holdings in shares of Bridgewater Bancshares by 54.1% during the first quarter. Sippican Capital Advisors now owns 61,935 shares of the company’s stock worth $721,000 after buying an additional 21,750 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of Bridgewater Bancshares during the first quarter worth $170,000. Vanguard Group Inc. lifted its holdings in shares of Bridgewater Bancshares by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after buying an additional 7,223 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Bridgewater Bancshares by 92.3% during the first quarter. Acadian Asset Management LLC now owns 289,173 shares of the company’s stock worth $3,364,000 after buying an additional 138,776 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.