Riverwater Partners LLC Acquires 5,627 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Riverwater Partners LLC lifted its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 31.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,498 shares of the company’s stock after acquiring an additional 5,627 shares during the period. Riverwater Partners LLC owned 0.09% of Bridgewater Bancshares worth $320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BWB. Vanguard Group Inc. increased its stake in shares of Bridgewater Bancshares by 0.7% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after buying an additional 37,090 shares in the last quarter. Acadian Asset Management LLC lifted 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 purchasing an additional 53,024 shares during the last quarter. Stieven Capital Advisors L.P. boosted its stake in Bridgewater Bancshares by 94.8% during the first quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company’s stock worth $3,428,000 after buying an additional 143,376 shares during the period. Finally, American Century Companies Inc. grew its holdings in Bridgewater Bancshares by 1.6% during the 2nd quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after purchasing an additional 4,450 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Insiders Place Their Bets

In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 11,500 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total transaction of $162,725.00. Following the completion of the sale, the chief executive officer now owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total value of $162,725.00. Following the sale, the chief executive officer now owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Trutna sold 5,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the transaction, the director now owns 102,072 shares of the company’s stock, valued at $1,440,235.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 23.21% of the company’s stock.

Analysts Set New Price Targets

BWB has been the topic of several recent analyst reports. DA Davidson raised their price target on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, July 29th.

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $15.19 on Thursday. Bridgewater Bancshares, Inc. has a 52-week low of $8.00 and a 52-week high of $15.66. The stock has a market cap of $415.81 million, a PE ratio of 13.44 and a beta of 0.68. The business has a 50-day simple moving average of $14.12 and a 200-day simple moving average of $12.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.98.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $62.64 million during the quarter, compared to analyst estimates of $26.60 million. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.51%. During the same quarter in the previous year, the firm earned $0.31 EPS. On average, equities 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.