Stieven Capital Advisors L.P. Buys 86,200 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Stieven Capital Advisors L.P. lifted its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 56.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,989 shares of the company’s stock after purchasing an additional 86,200 shares during the quarter. Stieven Capital Advisors L.P.’s holdings in Bridgewater Bancshares were worth $3,242,000 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. BNP Paribas Financial Markets grew its stake in shares of Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after buying an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new stake in Bridgewater Bancshares during the 3rd quarter worth $100,000. D.A. Davidson & CO. acquired a new position in Bridgewater Bancshares in the 3rd quarter worth about $183,000. Martingale Asset Management L P bought a new position in Bridgewater Bancshares in the third quarter valued at about $185,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Bridgewater Bancshares during the third quarter valued at about $202,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bridgewater Bancshares

In other news, Director James S. Johnson sold 4,705 shares of Bridgewater Bancshares stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $15.00, for a total value of $70,575.00. Following the completion of the sale, the director now owns 93,646 shares in the company, valued at $1,404,690. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the transaction, the chief financial officer now directly owns 98,416 shares in the company, valued at approximately $1,526,432.16. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.21% of the stock is owned by company insiders.

Bridgewater Bancshares Trading Up 0.8 %

Shares of BWB stock opened at $14.87 on Friday. Bridgewater Bancshares, Inc. has a 1-year low of $10.52 and a 1-year high of $16.00. 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 stock has a market cap of $409.82 million, a price-to-earnings ratio of 14.44 and a beta of 0.68. The stock has a 50-day moving average of $13.97 and a 200-day moving average of $14.15.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly 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 net margin of 12.96% and a return on equity of 8.85%. On average, equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BWB shares. Piper Sandler lowered their price objective on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

Bridgewater Bancshares 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.