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

Geode Capital Management LLC trimmed its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 0.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 450,451 shares of the company’s stock after selling 2,978 shares during the quarter. Geode Capital Management LLC owned approximately 1.64% of Bridgewater Bancshares worth $6,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in BWB. Northwestern Mutual Wealth Management Co. acquired a new stake in Bridgewater Bancshares in the second quarter worth $35,000. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 676 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Bridgewater Bancshares during the 3rd quarter worth about $100,000. Sei Investments Co. grew its stake in shares of 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 buying an additional 2,713 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in Bridgewater Bancshares in the 3rd quarter valued at about $183,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director David B. Juran sold 14,531 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $14.76, for a total transaction of $214,477.56. Following the completion of the sale, the director now owns 5,469 shares in the company, valued at $80,722.44. This trade represents a 72.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the transaction, the chief financial officer now directly owns 98,416 shares of the company’s stock, valued at approximately $1,526,432.16. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,046 shares of company stock worth $478,580 in the last quarter. Insiders own 23.21% of the company’s stock.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $13.43 on Friday. Bridgewater Bancshares, Inc. has a twelve month low of $10.52 and a twelve month high of $16.00. The stock’s 50 day moving average is $14.63 and its 200-day moving average is $13.83. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $368.33 million, a price-to-earnings ratio of 12.79 and a beta of 0.67.

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.