Bridgewater Bancshares (NASDAQ:BWBBP) Shares Up 1.3% – Here’s Why

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) shares traded up 1.3% on Wednesday . The stock traded as high as $19.40 and last traded at $19.25. 1,994 shares were traded during trading, a decline of 35% from the average session volume of 3,069 shares. The stock had previously closed at $19.00.

Bridgewater Bancshares Price Performance

The company’s 50-day simple moving average is $19.91 and its 200 day simple moving average is $19.72.

Bridgewater Bancshares (NASDAQ:BWBBP) last released its quarterly earnings results on Thursday, January 27th. The company reported $0.32 earnings per share for the quarter. The business had revenue of $25.80 million for the quarter.

Bridgewater Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $0.3672 per share. This represents a $1.47 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Friday, November 14th.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc, headquartered in Bridgewater, South Dakota, is the bank holding company for Bridgewater State Bank. The company provides a full range of retail and commercial banking services to individuals, small businesses, farmers and nonprofit organizations across eastern South Dakota.

Bridgewater State Bank’s product offerings include a variety of deposit accounts—such as checking, savings, money market and certificate of deposit accounts—alongside commercial real estate, agricultural and consumer lending solutions.