GSA Capital Partners LLP Takes $202,000 Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

GSA Capital Partners LLP bought a new position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 14,255 shares of the company’s stock, valued at approximately $202,000. GSA Capital Partners LLP owned 0.05% of Bridgewater Bancshares as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bridgewater Bancshares in the second quarter worth approximately $35,000. SG Americas Securities LLC purchased a new position in shares of Bridgewater Bancshares in the third quarter valued at about $100,000. Sei Investments Co. raised its stake in shares of Bridgewater Bancshares by 23.3% during the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after acquiring an additional 2,713 shares during the last quarter. Riverwater Partners LLC bought a new stake in shares of Bridgewater Bancshares in the second quarter worth about $207,000. Finally, Victory Capital Management Inc. increased its holdings in Bridgewater Bancshares by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock valued at $740,000 after purchasing an additional 2,500 shares during the period. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Price Performance

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

Insider Activity

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

Wall Street Analyst Weigh In

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

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.