Riverwater Partners LLC Has $237,000 Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Riverwater Partners LLC reduced its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 25.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,575 shares of the company’s stock after selling 5,923 shares during the period. Riverwater Partners LLC owned about 0.06% of Bridgewater Bancshares worth $237,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its stake in shares of Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after acquiring an additional 676 shares in the last quarter. State Street Corp grew its position in Bridgewater Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 449,345 shares of the company’s stock worth $6,367,000 after purchasing an additional 4,874 shares in the last quarter. Jane Street Group LLC increased its stake in Bridgewater Bancshares by 11.4% in the 3rd quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock valued at $336,000 after buying an additional 2,422 shares during the last quarter. Barclays PLC lifted its position in shares of Bridgewater Bancshares by 283.4% during the 3rd quarter. Barclays PLC now owns 25,997 shares of the company’s stock worth $369,000 after buying an additional 19,217 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Bridgewater Bancshares by 169.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,562 shares of the company’s stock worth $433,000 after buying an additional 19,201 shares in the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $12.29 on Friday. Bridgewater Bancshares, Inc. has a 52 week low of $10.52 and a 52 week high of $16.00. The firm’s 50-day simple moving average is $14.12 and its two-hundred day simple moving average is $14.28. The firm has a market cap of $339.15 million, a price-to-earnings ratio of 11.93 and a beta of 0.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. As a group, equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share 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.