Bridgewater Bancshares (NASDAQ:BWBBP) Shares Down 0.1% – Should You Sell?

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) shares were down 0.1% during trading on Thursday. The stock traded as low as $19.49 and last traded at $19.5050. 1,624 shares changed hands during trading, a decline of 33% from the average daily volume of 2,442 shares. The stock had previously closed at $19.53.

Bridgewater Bancshares Trading Down 0.8%

The firm has a 50-day moving average of $19.77 and a 200 day moving average of $19.96.

Bridgewater Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were issued a dividend of $0.3672 per share. This represents a $1.47 annualized dividend and a yield of 7.6%. The ex-dividend date was Friday, August 14th.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a full-service community bank headquartered in St. Louis Park, Minnesota. Founded in 2005, the company provides banking services primarily to businesses, entrepreneurs, professionals and individuals in Minnesota.

Bridgewater Bank offers commercial and residential real estate lending, commercial and industrial loans, construction and development financing, residential mortgage loans, and consumer lending. Its deposit products include checking, savings, money market and certificate of deposit accounts, along with treasury management and other cash-management services for business customers.

The bank has historically focused on the Twin Cities metropolitan area and other Minnesota markets, serving clients through branch locations and digital banking services.