Stieven Capital Advisors L.P. Has $2.18 Million Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Stieven Capital Advisors L.P. trimmed its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 47.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 153,789 shares of the company's stock after selling 136,648 shares during the quarter. Stieven Capital Advisors L.P. owned approximately 0.56% of Bridgewater Bancshares worth $2,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in Bridgewater Bancshares by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company's stock worth $12,243,000 after buying an additional 7,223 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Bridgewater Bancshares by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company's stock valued at $9,171,000 after acquiring an additional 37,090 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company's stock valued at $3,972,000 after acquiring an additional 53,024 shares in the last quarter. American Century Companies Inc. lifted its holdings in Bridgewater Bancshares by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 284,904 shares of the company's stock worth $3,308,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Kennedy Capital Management LLC bought a new stake in Bridgewater Bancshares during the first quarter worth approximately $1,396,000. Institutional investors own 65.83% of the company's stock.

Insider Transactions at Bridgewater Bancshares

In related news, Director David B. Juran sold 2,060 shares of the firm's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.66, for a total transaction of $30,199.60. Following the completion of the transaction, the director now owns 1,341,407 shares in the company, valued at $19,665,026.62. This trade represents a 0.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Trutna sold 2,000 shares of the business's stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total value of $30,260.00. Following the completion of the sale, the director now directly owns 100,780 shares in the company, valued at approximately $1,524,801.40. This represents a 1.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,841 shares of company stock valued at $594,750. 23.21% of the stock is owned by corporate insiders.

Bridgewater Bancshares Stock Performance

BWB stock traded down $0.08 during trading on Friday, reaching $14.89. 54,739 shares of the stock were exchanged, compared to its average volume of 69,685. The stock has a 50 day simple moving average of $14.53 and a 200-day simple moving average of $13.11. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $408.43 million, a P/E ratio of 14.18 and a beta of 0.67. Bridgewater Bancshares, Inc. has a twelve month low of $10.18 and a twelve month high of $16.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BWB. Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an "overweight" rating in a research note on Monday, July 29th. DA Davidson upped their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a "buy" rating in a report on Friday, July 26th.

About Bridgewater Bancshares

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.