Bridgewater Bancshares (NASDAQ:BWBBP) Trading 2.5% Higher – Still a Buy?

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP)’s stock price rose 2.5% during trading on Tuesday . The stock traded as high as $20.00 and last traded at $20.5290. Approximately 413 shares were traded during trading, a decline of 82% from the average daily volume of 2,313 shares. The stock had previously closed at $20.02.

Bridgewater Bancshares Trading Up 2.5%

The stock’s fifty day simple moving average is $20.18 and its two-hundred day simple moving average is $20.03.

Bridgewater Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 13th were paid a $0.3672 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.47 annualized dividend and a dividend yield of 7.2%.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc, headquartered in Bridgewater, South Dakota, is the bank holding company for Bridgewater State Bank. The company provides a full range of retail and commercial banking services to individuals, small businesses, farmers and nonprofit organizations across eastern South Dakota.

Bridgewater State Bank’s product offerings include a variety of deposit accounts—such as checking, savings, money market and certificate of deposit accounts—alongside commercial real estate, agricultural and consumer lending solutions.