Empowered Funds LLC Has $234,000 Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Empowered Funds LLC lifted its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,523 shares of the company’s stock after buying an additional 804 shares during the quarter. Empowered Funds LLC owned about 0.06% of Bridgewater Bancshares worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of BWB. Vanguard Group Inc. boosted its holdings in Bridgewater Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after acquiring an additional 7,223 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Bridgewater Bancshares in the 1st quarter valued at $1,396,000. Riverwater Partners LLC bought a new position in shares of Bridgewater Bancshares in the second quarter valued at $207,000. Bank of New York Mellon Corp grew its holdings in shares of Bridgewater Bancshares by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock valued at $903,000 after buying an additional 994 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Bridgewater Bancshares by 4.1% during the second quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock worth $740,000 after acquiring an additional 2,500 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $14.89 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The firm’s 50-day simple moving average is $14.66 and its 200 day simple moving average is $13.25. The stock has a market cap of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. Bridgewater Bancshares, Inc. has a fifty-two week low of $10.27 and a fifty-two week high of $16.00.

Insider Buying and Selling

In other news, Director Thomas P. Trutna sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 $1,440,235.92. This trade represents a 4.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David B. Juran sold 14,531 shares of the firm’s stock in a transaction 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 directly owns 5,469 shares of the company’s stock, valued at $80,722.44. This represents a 72.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,546 shares of company stock worth $665,325. 23.21% of the stock is owned by corporate insiders.

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.