Bridgewater Bancshares, Inc. (NASDAQ:BWB) Stock Position Decreased by Cetera Investment Advisers

Cetera Investment Advisers lowered its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 3.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,002 shares of the company’s stock after selling 731 shares during the period. Cetera Investment Advisers owned 0.07% of Bridgewater Bancshares worth $270,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Bridgewater Bancshares by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company’s stock worth $11,859,000 after buying an additional 40,683 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Bridgewater Bancshares by 13.3% in the 4th quarter. Alliancebernstein L.P. now owns 493,592 shares of the company’s stock worth $6,668,000 after purchasing an additional 57,981 shares during the last quarter. American Century Companies Inc. boosted its position in Bridgewater Bancshares by 8.4% during the fourth quarter. American Century Companies Inc. now owns 310,267 shares of the company’s stock worth $4,192,000 after purchasing an additional 24,161 shares during the period. Next Century Growth Investors LLC bought a new stake in Bridgewater Bancshares during the fourth quarter worth approximately $3,989,000. Finally, Stieven Capital Advisors L.P. grew its holdings in Bridgewater Bancshares by 56.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock valued at $3,242,000 after purchasing an additional 86,200 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ:BWB opened at $14.69 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50-day moving average is $14.28 and its 200-day moving average is $14.22. The company has a market cap of $403.09 million, a P/E ratio of 14.26 and a beta of 0.55. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.34.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $32.29 million during the quarter, compared to the consensus estimate of $29.88 million. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. Equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Insider Transactions at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,200 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $15.78, for a total value of $34,716.00. Following the sale, the director now directly owns 100,031 shares in the company, valued at $1,578,489.18. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 23.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler restated an “overweight” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Friday, April 25th.

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.