Riverwater Partners LLC Reduces Stock Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Riverwater Partners LLC cut its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 25.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,575 shares of the company’s stock after selling 5,923 shares during the period. Riverwater Partners LLC’s holdings in Bridgewater Bancshares were worth $237,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of BWB. Picton Mahoney Asset Management purchased a new position in Bridgewater Bancshares during the 4th quarter valued at about $28,000. BNP Paribas Financial Markets grew its stake in Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after acquiring an additional 676 shares in the last quarter. SG Americas Securities LLC increased its holdings in Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after acquiring an additional 1,248 shares during the period. Proficio Capital Partners LLC purchased a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $157,000. Finally, Franklin Resources Inc. purchased a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $174,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridgewater Bancshares Price Performance

BWB stock opened at $12.29 on Friday. The firm has a 50 day simple moving average of $14.12 and a two-hundred day simple moving average of $14.28. The stock has a market cap of $339.15 million, a PE ratio of 11.93 and a beta of 0.54. Bridgewater Bancshares, Inc. has a one year low of $10.52 and a one year high of $16.00. 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 (NASDAQ:BWB) last announced its 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, analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.