Stieven Capital Advisors L.P. Cuts Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Stieven Capital Advisors L.P. cut its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 47.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,789 shares of the company’s stock after selling 136,648 shares during the period. Stieven Capital Advisors L.P.’s holdings in Bridgewater Bancshares were worth $2,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Bridgewater Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after acquiring an additional 7,223 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Bridgewater Bancshares by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after acquiring an additional 37,090 shares in the last quarter. Acadian Asset Management LLC grew its position in Bridgewater Bancshares by 18.3% in the second quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock worth $3,972,000 after acquiring an additional 53,024 shares in the last quarter. American Century Companies Inc. grew its position in Bridgewater Bancshares by 1.6% in the second quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock worth $3,308,000 after acquiring an additional 4,450 shares in the last quarter. Finally, Kennedy Capital Management LLC purchased a new stake in Bridgewater Bancshares during the first quarter valued at about $1,396,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total value of $162,725.00. Following the completion of the transaction, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. This represents a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction dated 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 directly owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. The trade was a 4.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,841 shares of company stock valued at $594,750. Insiders own 23.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BWB shares. Piper Sandler upped their price target 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. DA Davidson upped their price target on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ:BWB opened at $14.89 on Friday. The company has a market cap of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. The company has a 50-day moving average price of $14.53 and a 200-day moving average price of $13.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a 12 month low of $10.18 and a 12 month high of $16.00.

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.