Victory Capital Management Inc. Trims Stock Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Victory Capital Management Inc. reduced its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 2.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 62,400 shares of the company’s stock after selling 1,300 shares during the period. Victory Capital Management Inc.’s holdings in Bridgewater Bancshares were worth $884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BWB. Kennedy Capital Management LLC purchased a new stake in Bridgewater Bancshares in the 1st quarter valued at about $1,396,000. Acadian Asset Management LLC increased its stake in Bridgewater Bancshares by 18.3% during the second quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock worth $3,972,000 after purchasing an additional 53,024 shares during the period. Assenagon Asset Management S.A. increased its stake in Bridgewater Bancshares by 121.9% during the third quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock worth $992,000 after purchasing an additional 38,461 shares during the period. Dimensional Fund Advisors LP increased its stake in Bridgewater Bancshares by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after purchasing an additional 37,090 shares during the period. Finally, Riverwater Partners LLC purchased a new stake in Bridgewater Bancshares during the second quarter worth about $207,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridgewater Bancshares Stock Up 0.1 %

Shares of NASDAQ:BWB opened at $14.91 on Thursday. 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 firm has a market capitalization of $408.98 million, a PE ratio of 14.27 and a beta of 0.67. The firm’s 50-day moving average is $14.68 and its two-hundred day moving average is $13.27. Bridgewater Bancshares, Inc. has a 1 year low of $10.27 and a 1 year high of $16.00.

Insiders Place Their Bets

In related news, Director James S. Johnson sold 4,705 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $15.00, for a total transaction of $70,575.00. Following the sale, the director now directly owns 93,646 shares in the company, valued at approximately $1,404,690. This represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Juran sold 14,531 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total transaction of $214,477.56. Following the sale, the director now owns 5,469 shares in the company, valued at $80,722.44. The trade was a 72.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,546 shares of company stock worth $665,325 over the last three months. Company insiders own 23.21% of the company’s stock.

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.