Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Purchased by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. raised its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 56.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 239,989 shares of the company's stock after acquiring an additional 86,200 shares during the period. Stieven Capital Advisors L.P. owned approximately 0.88% of Bridgewater Bancshares worth $3,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in Bridgewater Bancshares by 5.4% during the 4th quarter. Empowered Funds LLC now owns 17,418 shares of the company's stock valued at $235,000 after acquiring an additional 895 shares during the last quarter. Sippican Capital Advisors raised its stake in Bridgewater Bancshares by 5.7% during the 4th quarter. Sippican Capital Advisors now owns 90,410 shares of the company's stock valued at $1,221,000 after acquiring an additional 4,900 shares during the last quarter. SG Americas Securities LLC raised its stake in Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock valued at $112,000 after acquiring an additional 1,248 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Bridgewater Bancshares by 169.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,562 shares of the company's stock valued at $433,000 after acquiring an additional 19,201 shares during the last quarter. Finally, Barclays PLC raised its stake in Bridgewater Bancshares by 283.4% during the 3rd quarter. Barclays PLC now owns 25,997 shares of the company's stock valued at $369,000 after acquiring an additional 19,217 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BWB has been the topic of several recent analyst reports. Piper Sandler dropped their target price on Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. DA Davidson reiterated a "buy" rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

Bridgewater Bancshares Stock Performance

NASDAQ BWB traded down $0.18 on Wednesday, hitting $14.54. 44,310 shares of the company's stock were exchanged, compared to its average volume of 58,855. 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's 50-day moving average price is $13.96 and its two-hundred day moving average price is $14.18. Bridgewater Bancshares, Inc. has a fifty-two week low of $10.52 and a fifty-two week high of $16.00. The firm has a market cap of $400.72 million, a price-to-earnings ratio of 14.12 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. On average, research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling

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 stock was sold at an average price of $15.00, for a total value of $70,575.00. Following the sale, the director now owns 93,646 shares in the company, valued at $1,404,690. This represents a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Joseph M. Chybowski sold 3,000 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the chief financial officer now owns 98,416 shares in the company, valued at approximately $1,526,432.16. This represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. 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.