Bank of New York Mellon Corp Has $874,000 Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Bank of New York Mellon Corp decreased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,681 shares of the company’s stock after selling 3,248 shares during the quarter. Bank of New York Mellon Corp owned about 0.24% of Bridgewater Bancshares worth $874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stieven Capital Advisors L.P. increased its holdings in 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 last quarter. Barclays PLC grew its position in shares of Bridgewater Bancshares by 283.4% during the 3rd quarter. Barclays PLC now owns 25,997 shares of the company’s stock worth $369,000 after buying an additional 19,217 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Bridgewater Bancshares by 169.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,562 shares of the company’s stock valued at $433,000 after acquiring an additional 19,201 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Bridgewater Bancshares in the 3rd quarter valued at approximately $209,000. Finally, Martingale Asset Management L P bought a new position in Bridgewater Bancshares during the 3rd quarter worth approximately $185,000. 65.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BWB has been the subject of several recent analyst reports. Piper Sandler lowered 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. DA Davidson reissued a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a report on Thursday, January 30th.

Bridgewater Bancshares Trading Down 1.2 %

NASDAQ:BWB opened at $13.75 on Wednesday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day simple moving average is $14.07 and its 200-day simple moving average is $14.29. Bridgewater Bancshares, Inc. has a fifty-two week low of $10.52 and a fifty-two week high of $16.00. The stock has a market capitalization of $379.45 million, a PE ratio of 13.35 and a beta of 0.67.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. 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 earnings per share for the current fiscal year.

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.