Bridgewater Bancshares, Inc. $BWB Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 15.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,044 shares of the company’s stock after selling 7,964 shares during the period. Invesco Ltd. owned approximately 0.16% of Bridgewater Bancshares worth $598,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BWB. GAMMA Investing LLC grew its position in Bridgewater Bancshares by 1,665.1% during the 1st quarter. GAMMA Investing LLC now owns 20,210 shares of the company’s stock worth $281,000 after purchasing an additional 19,065 shares during the last quarter. Deutsche Bank AG grew its position in Bridgewater Bancshares by 544.0% during the 4th quarter. Deutsche Bank AG now owns 22,674 shares of the company’s stock worth $306,000 after purchasing an additional 19,153 shares during the last quarter. Barclays PLC grew its position in Bridgewater Bancshares by 16.9% during the 4th quarter. Barclays PLC now owns 30,378 shares of the company’s stock worth $411,000 after purchasing an additional 4,381 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Bridgewater Bancshares by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company’s stock worth $11,859,000 after purchasing an additional 40,683 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in Bridgewater Bancshares by 43.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 45,795 shares of the company’s stock worth $619,000 after purchasing an additional 13,963 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Stock Up 2.0%

Shares of NASDAQ BWB opened at $16.56 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25. Bridgewater Bancshares, Inc. has a 52 week low of $11.93 and a 52 week high of $17.66. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $14.99. The stock has a market capitalization of $455.07 million, a price-to-earnings ratio of 13.57 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. The firm had revenue of $35.61 million during the quarter, compared to analysts’ expectations of $32.03 million. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BWB. Piper Sandler raised their price objective on shares of 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 raised their price objective on shares of 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, According to data from MarketBeat, Bridgewater Bancshares currently has an average rating of “Buy” and a consensus price target of $20.00.

Insider Transactions at Bridgewater Bancshares

In related news, Director Thomas P. Trutna sold 6,152 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $16.40, for a total value of $100,892.80. Following the completion of the sale, the director owned 94,496 shares in the company, valued at $1,549,734.40. This trade represents a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mary Jayne Crocker sold 9,314 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $16.05, for a total transaction of $149,489.70. Following the transaction, the executive vice president owned 192,339 shares of the company’s stock, valued at approximately $3,087,040.95. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,298 shares of company stock valued at $1,508,238. 23.27% of the stock is 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.