Cornercap Investment Counsel Inc. Sells 21,657 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Cornercap Investment Counsel Inc. lowered its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 50.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 21,252 shares of the company’s stock after selling 21,657 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Bridgewater Bancshares were worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Bridgewater Bancshares during the 2nd quarter valued at $35,000. SG Americas Securities LLC bought a new stake in Bridgewater Bancshares during the 3rd quarter valued at $100,000. BNP Paribas Financial Markets increased its stake in Bridgewater Bancshares by 100.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock valued at $119,000 after purchasing an additional 5,128 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Bridgewater Bancshares during the 3rd quarter valued at $202,000. Finally, Sei Investments Co. increased its stake in Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after purchasing an additional 2,713 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BWB shares. DA Davidson lifted their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, July 29th.

Insider Buying and Selling

In related news, Director David B. Juran sold 14,531 shares of the business’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $14.76, for a total value of $214,477.56. Following the transaction, the director now directly owns 5,469 shares of the company’s stock, valued at approximately $80,722.44. The trade was a 72.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas P. Trutna sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the transaction, the director now directly owns 102,072 shares in the company, valued at $1,440,235.92. This trade represents a 4.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,841 shares of company stock valued at $594,750. 23.21% of the stock is owned by insiders.

Bridgewater Bancshares Price Performance

BWB opened at $14.89 on Monday. 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 capitalization of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. The firm’s fifty day moving average price is $14.53 and its two-hundred day moving average price is $13.11. Bridgewater Bancshares, Inc. has a 1 year low of $10.18 and a 1 year high of $16.00.

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.