GSA Capital Partners LLP Purchases New Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

GSA Capital Partners LLP acquired a new position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,255 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also modified their holdings of BWB. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares in the second quarter worth approximately $35,000. SG Americas Securities LLC acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at about $100,000. Sei Investments Co. raised 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 worth $167,000 after acquiring an additional 2,713 shares during the period. Riverwater Partners LLC purchased a new stake in shares of Bridgewater Bancshares in the second quarter valued at approximately $207,000. Finally, Victory Capital Management Inc. lifted its position in Bridgewater Bancshares by 4.1% in the second quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock valued at $740,000 after buying an additional 2,500 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, July 29th.

Insider Activity at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the transaction, the director now owns 102,072 shares of the company’s stock, valued at $1,440,235.92. This represents a 4.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jerry J. Baack sold 11,500 shares of Bridgewater Bancshares stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total value of $162,725.00. Following the completion of the sale, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at approximately $17,383,473.10. This represents a 0.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,546 shares of company stock valued at $665,325. 23.21% of the stock is owned by insiders.

Bridgewater Bancshares Price Performance

BWB stock opened at $15.06 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average price is $14.64 and its 200 day moving average price is $13.22. The firm has a market cap of $413.04 million, a P/E ratio of 14.34 and a beta of 0.67. Bridgewater Bancshares, Inc. has a 1 year low of $10.18 and a 1 year high of $16.00.

Bridgewater Bancshares 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.