Geode Capital Management LLC Sells 2,978 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Geode Capital Management LLC reduced its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 450,451 shares of the company’s stock after selling 2,978 shares during the quarter. Geode Capital Management LLC’s holdings in Bridgewater Bancshares were worth $6,384,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Foundry Partners LLC boosted its position in shares of Bridgewater Bancshares by 111.7% during the 3rd quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock valued at $2,367,000 after acquiring an additional 88,110 shares during the last quarter. Acadian Asset Management LLC raised its stake in Bridgewater Bancshares by 18.3% in the second quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock valued at $3,972,000 after purchasing an additional 53,024 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Bridgewater Bancshares by 121.9% during the third quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock valued at $992,000 after purchasing an additional 38,461 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after buying an additional 37,090 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Bridgewater Bancshares by 283.4% in the 3rd quarter. Barclays PLC now owns 25,997 shares of the company’s stock worth $369,000 after buying an additional 19,217 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director David B. Juran sold 14,531 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total value of $214,477.56. Following the completion of the sale, the director now owns 5,469 shares in the company, valued at approximately $80,722.44. The trade was a 72.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $30,260.00. Following the sale, the director now directly owns 100,780 shares of the company’s stock, valued at approximately $1,524,801.40. This trade represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,046 shares of company stock valued at $478,580 over the last quarter. 23.21% of the stock is owned by corporate insiders.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $13.43 on Friday. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.00. The company has a fifty day moving average of $14.63 and a 200-day moving average of $13.83. The company has a market capitalization of $368.33 million, a P/E ratio of 12.79 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

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.