Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Sells $46,530.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) CFO Joseph M. Chybowski sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the chief financial officer now owns 98,416 shares in the company, valued at approximately $1,526,432.16. This represents a 2.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Bridgewater Bancshares Stock Down 2.1 %

BWB stock opened at $15.15 on Friday. The company has a market capitalization of $415.56 million, a P/E ratio of 14.43 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 12 month low of $10.52 and a 12 month high of $16.00. The firm’s fifty day simple moving average is $14.91 and its 200-day simple moving average is $13.52. The company has a debt-to-equity ratio of 1.11, 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. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $35,000. BNP Paribas Financial Markets lifted its stake in shares of Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after purchasing an additional 676 shares during the period. SG Americas Securities LLC purchased a new stake in Bridgewater Bancshares during the third quarter worth $100,000. Sei Investments Co. grew its position in Bridgewater Bancshares by 23.3% during the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after buying an additional 2,713 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in Bridgewater Bancshares in the third quarter valued at $183,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

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.