Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,292 shares of the company's stock after selling 21,326 shares during the quarter. Cresset Asset Management LLC owned approximately 0.07% of Bridgewater Bancshares worth $274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Bridgewater Bancshares by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company's stock valued at $11,859,000 after buying an additional 40,683 shares during the period. Alliancebernstein L.P. grew its position in Bridgewater Bancshares by 13.3% during the fourth quarter. Alliancebernstein L.P. now owns 493,592 shares of the company's stock valued at $6,668,000 after buying an additional 57,981 shares during the period. American Century Companies Inc. grew 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 valued at $4,192,000 after buying an additional 24,161 shares during the period. Next Century Growth Investors LLC acquired a new stake in shares of Bridgewater Bancshares in the fourth quarter valued at about $3,989,000. Finally, Stieven Capital Advisors L.P. grew its position in shares of Bridgewater Bancshares by 56.1% in 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 period. Institutional investors and hedge funds own 65.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BWB. Piper Sandler reiterated an "overweight" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research report on Friday, April 25th. DA Davidson reiterated a "buy" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,200 shares of Bridgewater Bancshares stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $15.78, for a total transaction of $34,716.00. Following the transaction, the director now directly owns 100,031 shares of the company's stock, valued at $1,578,489.18. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 23.27% of the stock is owned by insiders.

Bridgewater Bancshares Price Performance

BWB traded down $0.01 on Thursday, reaching $14.96. 24,810 shares of the company's stock were exchanged, compared to its average volume of 63,096. The stock has a market cap of $410.37 million, a PE ratio of 14.53 and a beta of 0.55. Bridgewater Bancshares, Inc. has a twelve month low of $10.52 and a twelve month high of $16.15. The stock's fifty day moving average price is $14.16 and its 200-day moving average price is $14.23. 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 - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. The firm had revenue of $32.29 million for the quarter, compared to analyst estimates of $29.88 million. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. Sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

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.