Stieven Capital Advisors L.P. Has $3.37 Million Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Stieven Capital Advisors L.P. trimmed its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 1.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 290,437 shares of the company’s stock after selling 4,100 shares during the period. Stieven Capital Advisors L.P.’s holdings in Bridgewater Bancshares were worth $3,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in BWB. Vanguard Group Inc. boosted 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 purchasing an additional 7,223 shares during the period. Acadian Asset Management LLC boosted its position in Bridgewater Bancshares by 92.3% during the first quarter. Acadian Asset Management LLC now owns 289,173 shares of the company’s stock worth $3,364,000 after purchasing an additional 138,776 shares during the period. Russell Investments Group Ltd. boosted its position in Bridgewater Bancshares by 25.8% during the fourth quarter. Russell Investments Group Ltd. now owns 173,198 shares of the company’s stock worth $2,342,000 after purchasing an additional 35,546 shares during the period. Kennedy Capital Management LLC bought a new position in Bridgewater Bancshares during the first quarter worth $1,396,000. Finally, Bank of New York Mellon Corp boosted its position in Bridgewater Bancshares by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock worth $903,000 after purchasing an additional 994 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson lifted their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler boosted their target price on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, July 29th.

Bridgewater Bancshares Price Performance

NASDAQ BWB traded up $0.46 during trading on Friday, hitting $14.42. 45,291 shares of the company’s stock were exchanged, compared to its average volume of 36,669. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.98. The company has a market cap of $394.39 million, a PE ratio of 12.76 and a beta of 0.69. Bridgewater Bancshares, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $14.90. The stock’s 50 day moving average price is $12.86 and its two-hundred day moving average price is $12.00.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. The company had revenue of $62.64 million during the quarter, compared to the consensus estimate of $26.60 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Research analysts expect that Bridgewater Bancshares, Inc. will post 1 EPS for the current year.

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.