Stieven Capital Advisors L.P. Sells 136,648 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Stieven Capital Advisors L.P. lessened its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 47.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 during the period. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 37,090 shares during the period. Acadian Asset Management LLC raised its holdings 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 worth $3,972,000 after purchasing an additional 53,024 shares during the period. American Century Companies Inc. raised its holdings in shares of 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 period. Finally, Kennedy Capital Management LLC bought a new stake in shares of Bridgewater Bancshares in the 1st quarter worth approximately $1,396,000. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

BWB has been the topic of a number of analyst reports. DA Davidson boosted their target price on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a 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 report on Monday, July 29th.

Bridgewater Bancshares Trading Down 0.5 %

Shares of BWB stock opened at $14.89 on Friday. The company’s fifty day simple moving average is $14.53 and its two-hundred day simple moving average is $13.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. Bridgewater Bancshares, Inc. has a 1 year low of $10.18 and a 1 year high of $16.00. The stock has a market capitalization of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67.

Insider Buying and Selling at Bridgewater Bancshares

In other news, Director Douglas J. Parish sold 5,750 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total transaction of $86,537.50. Following the completion of the transaction, the director now directly owns 1,636 shares in the company, valued at $24,621.80. The trade was a 77.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jerry J. Baack sold 11,500 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total transaction of $162,725.00. Following the transaction, 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 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,841 shares of company stock valued at $594,750 in the last 90 days. 23.21% of the stock is currently owned by company insiders.

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.