Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director James S. Johnson Sells 4,705 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director James S. Johnson sold 4,705 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.00, for a total value of $70,575.00. Following the completion of the transaction, the director now directly owns 93,646 shares in the company, valued at $1,404,690. This trade represents a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Trading Up 0.4 %

BWB stock opened at $15.06 on Friday. Bridgewater Bancshares, Inc. has a 1-year low of $10.18 and a 1-year high of $16.00. The business has a 50 day simple moving average of $14.64 and a two-hundred day simple moving average of $13.20. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $413.10 million, a price-to-earnings ratio of 14.34 and a beta of 0.67.

Analyst Ratings Changes

BWB has been the topic of a number of recent analyst reports. Piper Sandler raised their target price 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 raised their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Institutional Trading of Bridgewater Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kennedy Capital Management LLC bought a new position in shares of Bridgewater Bancshares in the 1st quarter valued at about $1,396,000. Assenagon Asset Management S.A. boosted its stake in Bridgewater Bancshares by 121.9% during the third quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock worth $992,000 after buying an additional 38,461 shares during the period. Vanguard Group Inc. increased 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 during the last quarter. Riverwater Partners LLC bought a new stake in shares of Bridgewater Bancshares in the 2nd quarter worth about $207,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Bridgewater Bancshares by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock worth $740,000 after purchasing an additional 2,500 shares during the period. 65.83% of the stock is currently owned by institutional investors.

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.