Bank of New York Mellon Corp Sells 3,248 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Bank of New York Mellon Corp lowered its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 4.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,681 shares of the company’s stock after selling 3,248 shares during the quarter. Bank of New York Mellon Corp’s holdings in Bridgewater Bancshares were worth $874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its stake in Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after purchasing an additional 676 shares during the last quarter. Empowered Funds LLC raised its stake in Bridgewater Bancshares by 5.1% in the third quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock valued at $234,000 after buying an additional 804 shares during the period. SG Americas Securities LLC lifted its position in shares of Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after buying an additional 1,248 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Bridgewater Bancshares by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock worth $3,866,000 after acquiring an additional 2,170 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Bridgewater Bancshares by 11.4% during the 3rd quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock worth $336,000 after acquiring an additional 2,422 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $13.75 on Wednesday. The company has a market capitalization of $379.45 million, a price-to-earnings ratio of 13.35 and a beta of 0.67. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a 12 month low of $10.52 and a 12 month high of $16.00. The stock’s 50 day moving average is $14.07 and its 200-day moving average is $14.29.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. Equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BWB. DA Davidson reaffirmed a “buy” rating and set a $18.00 price target on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler cut their target price on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 31st.

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.