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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Thomas P. Trutna sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgewater Bancshares Price Performance

BWB opened at $14.99 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $411.18 million, a P/E ratio of 14.28 and a beta of 0.67. The company’s 50-day simple moving average is $14.42 and its two-hundred day simple moving average is $12.98. Bridgewater Bancshares, Inc. has a 52-week low of $10.08 and a 52-week high of $16.00.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of BWB. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares during the 2nd quarter valued at about $35,000. SG Americas Securities LLC bought a new position in Bridgewater Bancshares during the 3rd quarter valued at about $100,000. BNP Paribas Financial Markets lifted 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 acquiring an additional 5,128 shares during the period. Sei Investments Co. lifted its stake in Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after acquiring an additional 2,713 shares during the period. Finally, Empowered Funds LLC bought a new position in Bridgewater Bancshares during the 1st quarter valued at about $170,000. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. DA Davidson upped 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.

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.