Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 46.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,774 shares of the company's stock after selling 31,123 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.13% of Bridgewater Bancshares worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Bridgewater Bancshares in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC grew its stake in Bridgewater Bancshares by 266.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock valued at $45,000 after acquiring an additional 2,441 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Bridgewater Bancshares in the fourth quarter valued at about $157,000. Wells Fargo & Company MN grew its position in shares of Bridgewater Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company's stock valued at $158,000 after purchasing an additional 2,540 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Bridgewater Bancshares in the fourth quarter valued at about $171,000. Institutional investors and hedge funds own 65.83% of the company's stock.

Analysts Set New Price Targets

Separately, Piper Sandler reaffirmed an "overweight" rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research note on Friday, April 25th.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,200 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $15.78, for a total value of $34,716.00. Following the transaction, the director now owns 100,031 shares of the company's stock, valued at $1,578,489.18. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Lisa M. Salazar sold 3,737 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $14.40, for a total transaction of $53,812.80. Following the completion of the transaction, the chief operating officer now directly owns 32,335 shares in the company, valued at $465,624. The trade was a 10.36% decrease in their position. The disclosure for this sale can be found here. 23.27% of the stock is currently owned by company insiders.

Bridgewater Bancshares Trading Up 0.6%

Shares of BWB opened at $14.96 on Friday. The stock has a market cap of $410.50 million, a PE ratio of 13.60 and a beta of 0.52. Bridgewater Bancshares, Inc. has a 52-week low of $10.76 and a 52-week high of $16.34. The firm's fifty day moving average is $14.73 and its two-hundred day moving average is $14.22. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.07.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $32.29 million for the quarter, compared to analysts' expectations of $29.88 million. Bridgewater Bancshares had a return on equity of 9.13% and a net margin of 13.27%. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

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.

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