Sippican Capital Advisors lifted its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB – Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 90,410 shares of the company’s stock after purchasing an additional 4,900 shares during the quarter. Sippican Capital Advisors owned about 0.33% of Bridgewater Bancshares worth $1,221,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of BWB. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares during the second quarter valued at approximately $35,000. BNP Paribas Financial Markets lifted its stake in shares of Bridgewater Bancshares by 18.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC purchased a new position in Bridgewater Bancshares during the 3rd quarter valued at $100,000. Sei Investments Co. grew its position in Bridgewater Bancshares by 23.3% in 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 last quarter. Finally, D.A. Davidson & CO. purchased a new stake in Bridgewater Bancshares in the third quarter worth $183,000. Institutional investors own 65.83% of the company’s stock.
Bridgewater Bancshares Stock Up 0.3 %
Shares of BWB opened at $13.70 on Thursday. The firm has a fifty day moving average price of $14.06 and a 200-day moving average price of $14.08. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $375.79 million, a P/E ratio of 13.05 and a beta of 0.68. Bridgewater Bancshares, Inc. has a 12-month low of $10.52 and a 12-month high of $16.00.
Insider Activity at Bridgewater Bancshares
In other news, Director Thomas P. Trutna sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total transaction of $30,260.00. Following the transaction, the director now directly owns 100,780 shares in the company, valued at approximately $1,524,801.40. This trade represents a 1.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas J. Parish sold 5,750 shares of Bridgewater Bancshares stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total transaction of $86,537.50. Following the transaction, the director now directly owns 1,636 shares in the company, valued at approximately $24,621.80. The trade was a 77.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,455 shares of company stock worth $233,903. Company insiders own 23.21% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Bridgewater Bancshares
- Bank Stocks – Best Bank Stocks to Invest In
- Kimberly-Clark: A Regal Opportunity in This Dividend King
- Consumer Staples Stocks, Explained
- 5 Stocks With Above-Market Yields Just Raised Payments Further
- Are Penny Stocks a Good Fit for Your Portfolio?
- Arista Networks’ Stock Plunge: Buying Opportunity for Investors?
Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.