Independent Director Todd Urness Just Bought 2.3% More Shares In Bridgewater Bancshares, Inc. (NASDAQ:BWB)
Potential Bridgewater Bancshares, Inc. (NASDAQ:BWB) shareholders may wish to note that the Independent Director, Todd Urness, recently bought US$445k worth of stock, paying US$17.80 for each share. Although the purchase only increased their holding by 2.3%, it is still a solid purchase in our view.
Check out our latest analysis for Bridgewater Bancshares
The Last 12 Months Of Insider Transactions At Bridgewater Bancshares
The Lead Independent Director David Juran made the biggest insider purchase in the last 12 months. That single transaction was for US$515k worth of shares at a price of US$9.57 each. Even though the purchase was made at a significantly lower price than the recent price (US$17.36), we still think insider buying is a positive. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive.
While Bridgewater Bancshares insiders bought shares during the last year, they didn't sell. The average buy price was around US$10.92. We don't deny that it is nice to see insiders buying stock in the company. However, we do note that they were buying at significantly lower prices than today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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.
Insider Ownership of Bridgewater Bancshares
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 18% of the company, worth about US$88m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Bridgewater Bancshares Insiders?
It is good to see the recent insider purchase. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of Bridgewater Bancshares we think they are probably pretty confident of a bright future. 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.
This article by Simply Wall St is general in nature. 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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