SG Americas Securities LLC Purchases Shares of 7,273 Bridgewater Bancshares, Inc. (NASDAQ:BWB)

SG Americas Securities LLC purchased a new stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,273 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds also recently bought and sold shares of BWB. EJF Capital LLC raised its position in shares of Bridgewater Bancshares by 18.5% during the first quarter. EJF Capital LLC now owns 455,381 shares of the company’s stock valued at $7,596,000 after buying an additional 70,964 shares during the last quarter. State Street Corp raised its position in shares of Bridgewater Bancshares by 1.1% during the first quarter. State Street Corp now owns 431,842 shares of the company’s stock valued at $7,203,000 after buying an additional 4,638 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Bridgewater Bancshares by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 399,704 shares of the company’s stock valued at $6,667,000 after buying an additional 37,471 shares during the last quarter. Elgethun Capital Management raised its position in shares of Bridgewater Bancshares by 0.5% during the first quarter. Elgethun Capital Management now owns 186,246 shares of the company’s stock valued at $3,107,000 after buying an additional 1,000 shares during the last quarter. Finally, Gator Capital Management LLC raised its position in shares of Bridgewater Bancshares by 101.5% during the first quarter. Gator Capital Management LLC now owns 163,425 shares of the company’s stock valued at $2,726,000 after buying an additional 82,340 shares during the last quarter. 49.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Hovde Group increased their price target on shares of Bridgewater Bancshares to $22.00 in a research report on Tuesday, November 1st. DA Davidson increased their price target on shares of Bridgewater Bancshares to $21.00 in a research report on Tuesday, November 1st. Finally, Piper Sandler increased their price target on shares of Bridgewater Bancshares to $20.50 in a research report on Tuesday, November 1st.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB opened at $19.07 on Wednesday. The firm has a market capitalization of $526.16 million, a PE ratio of 11.49 and a beta of 0.71. The firm has a 50-day moving average price of $17.79 and a 200 day moving average price of $16.97. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. Bridgewater Bancshares, Inc. has a 12-month low of $14.97 and a 12-month high of $20.20.

Insider Transactions at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 4,166 shares of the firm’s stock in a transaction that occurred on Wednesday, October 19th. The shares were sold at an average price of $17.77, for a total transaction of $74,029.82. Following the completion of the sale, the chief executive officer now owns 1,182,144 shares of the company’s stock, valued at $21,006,698.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 21.97% of the company’s stock.

Bridgewater Bancshares Profile

(Get Rating)

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

Further Reading

Want to see what other hedge funds are holding BWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating).

Institutional Ownership by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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