Cetera Investment Advisers Lowers Holdings in Bridgewater Bancshares, Inc. $BWB

Cetera Investment Advisers lessened its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,465 shares of the company’s stock after selling 3,537 shares during the quarter. Cetera Investment Advisers owned 0.06% of Bridgewater Bancshares worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of BWB. Basswood Capital Management L.L.C. purchased a new position in shares of Bridgewater Bancshares in the 4th quarter worth about $2,749,000. JPMorgan Chase & Co. raised its position in shares of Bridgewater Bancshares by 303.8% in the 4th quarter. JPMorgan Chase & Co. now owns 123,417 shares of the company’s stock worth $1,667,000 after purchasing an additional 92,855 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Bridgewater Bancshares by 4.9% in the 4th 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. Deutsche Bank AG raised its position in Bridgewater Bancshares by 544.0% in the 4th quarter. Deutsche Bank AG now owns 22,674 shares of the company’s stock worth $306,000 after buying an additional 19,153 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Bridgewater Bancshares by 1,665.1% in the 1st quarter. GAMMA Investing LLC now owns 20,210 shares of the company’s stock worth $281,000 after buying an additional 19,065 shares during the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWB. Piper Sandler boosted their target price on Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. DA Davidson boosted their target price on Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bridgewater Bancshares currently has an average rating of “Buy” and a consensus price target of $20.00.

Bridgewater Bancshares Stock Performance

BWB opened at $15.77 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.25. The company has a market cap of $433.36 million, a price-to-earnings ratio of 12.93 and a beta of 0.58. The company’s 50 day moving average is $15.92 and its 200 day moving average is $14.88. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $17.66.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $35.61 million during the quarter, compared to analyst estimates of $32.03 million. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. On average, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director Douglas J. Parish sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $15.23, for a total transaction of $114,225.00. Following the completion of the sale, the director directly owned 8,107 shares in the company, valued at approximately $123,469.61. The trade was a 48.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Lisa M. Salazar sold 3,737 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $14.40, for a total transaction of $53,812.80. Following the sale, the chief operating officer owned 32,335 shares of the company’s stock, valued at $465,624. This trade represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,197 shares of company stock valued at $1,192,866. 23.27% of the stock is owned by corporate insiders.

About Bridgewater Bancshares

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.