Bridgewater Bancshares, Inc. (NASDAQ:BWB) insider upped their holding by 315% earlier this year
Insiders were net buyers of Bridgewater Bancshares, Inc.'s (NASDAQ:BWB ) stock during the past year. That is, insiders bought more stock than they sold.
Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing.
View our latest analysis for Bridgewater Bancshares
The Last 12 Months Of Insider Transactions At Bridgewater Bancshares
In the last twelve months, the biggest single purchase by an insider was when Independent Director Mohammed Lawal bought US$175k worth of shares at a price of US$17.50 per share. So it's clear an insider wanted to buy, even at a higher price than the current share price (being US$16.97). While their view may have changed since the purchase was made, this does at least suggest they have had confidence in the company's future. In our view, the price an insider pays for shares is very important. As a general rule, we feel more positive about a stock when an insider has bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price. Mohammed Lawal was the only individual insider to buy during the last year.
The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
Bridgewater Bancshares is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Bridgewater Bancshares Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Bridgewater Bancshares insiders own 20% of the company, worth about US$93m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Does This Data Suggest About Bridgewater Bancshares Insiders?
It doesn't really mean much that no insider has traded Bridgewater Bancshares shares in the last quarter. On a brighter note, the transactions over the last year are encouraging. Overall we don't see anything to make us think Bridgewater Bancshares insiders are doubting the company, and they do own shares. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for Bridgewater Bancshares.
Of course Bridgewater Bancshares may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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