Victory Capital Management Inc. Cuts Stock Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Victory Capital Management Inc. lessened its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,400 shares of the company’s stock after selling 1,300 shares during the quarter. Victory Capital Management Inc. owned approximately 0.23% of Bridgewater Bancshares worth $884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in Bridgewater Bancshares by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock worth $903,000 after purchasing an additional 994 shares during the last quarter. Sei Investments Co. boosted its stake in Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after purchasing an additional 2,713 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Bridgewater Bancshares during the 2nd quarter worth $35,000. Sippican Capital Advisors boosted its position in shares of Bridgewater Bancshares by 5.4% during the 3rd quarter. Sippican Capital Advisors now owns 85,510 shares of the company’s stock valued at $1,212,000 after acquiring an additional 4,375 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Bridgewater Bancshares by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after acquiring an additional 4,450 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Insider Activity

In other news, Director David B. Juran sold 2,060 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $14.66, for a total transaction of $30,199.60. Following the transaction, the director now owns 1,341,407 shares of the company’s stock, valued at approximately $19,665,026.62. The trade was a 0.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas P. Trutna sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the sale, the director now owns 102,072 shares in the company, valued at approximately $1,440,235.92. This trade represents a 4.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,546 shares of company stock valued at $665,325. 23.21% of the stock is currently owned by insiders.

Bridgewater Bancshares Trading Up 0.1 %

Shares of BWB stock opened at $14.91 on Thursday. The company’s 50-day moving average price is $14.68 and its 200-day moving average price is $13.27. 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 stock has a market cap of $408.98 million, a price-to-earnings ratio of 14.27 and a beta of 0.67. Bridgewater Bancshares, Inc. has a twelve month low of $10.27 and a twelve month high of $16.00.

About Bridgewater Bancshares

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.