Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. cut its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 3.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,653 shares of the company’s stock after selling 2,227 shares during the period. Charles Schwab Investment Management Inc. owned 0.20% of Bridgewater Bancshares worth $789,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BWB. Foundry Partners LLC boosted its position in shares of Bridgewater Bancshares by 111.7% during the third quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock worth $2,367,000 after buying an additional 88,110 shares during the period. Acadian Asset Management LLC boosted its holdings in Bridgewater Bancshares by 18.3% during the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock valued at $3,972,000 after acquiring an additional 53,024 shares during the period. Assenagon Asset Management S.A. grew its position in Bridgewater Bancshares by 121.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock valued at $992,000 after acquiring an additional 38,461 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bridgewater Bancshares by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after purchasing an additional 37,090 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bridgewater Bancshares during the third quarter worth about $209,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $14.28 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $391.64 million, a price-to-earnings ratio of 13.60 and a beta of 0.67. The stock’s 50-day moving average is $14.97 and its two-hundred day moving average is $13.63. Bridgewater Bancshares, Inc. has a 1-year low of $10.52 and a 1-year high of $16.00.

Insider Buying and Selling at Bridgewater Bancshares

In other news, Director David B. Juran sold 2,060 shares of Bridgewater Bancshares stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $14.66, for a total value of $30,199.60. Following the transaction, the director now directly owns 1,341,407 shares of the company’s stock, valued at $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 is available through this link. Also, Director Thomas P. Trutna sold 2,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now 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 have sold a total of 32,046 shares of company stock worth $478,580 over the last ninety days. Corporate insiders own 23.21% of the company’s stock.

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.