Tradition Wealth Management LLC Decreases Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Tradition Wealth Management LLC lessened its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 2.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 355,341 shares of the company’s stock after selling 9,329 shares during the quarter. Tradition Wealth Management LLC’s holdings in Bridgewater Bancshares were worth $4,801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BWB. Picton Mahoney Asset Management bought a new stake in Bridgewater Bancshares during the fourth quarter worth $28,000. SG Americas Securities LLC grew its stake in Bridgewater Bancshares by 17.6% in the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after purchasing an additional 1,248 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at $157,000. Wells Fargo & Company MN raised its stake in shares of Bridgewater Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock worth $158,000 after purchasing an additional 2,540 shares during the period. Finally, Franklin Resources Inc. purchased a new position in shares of Bridgewater Bancshares in the 4th quarter worth about $174,000. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Stock Up 1.4 %

BWB stock opened at $13.22 on Friday. The stock has a fifty day moving average of $13.75 and a 200-day moving average of $14.17. Bridgewater Bancshares, Inc. has a fifty-two week low of $10.52 and a fifty-two week high of $16.00. The company has a market capitalization of $364.82 million, a price-to-earnings ratio of 12.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. As a group, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BWB. DA Davidson restated a “buy” rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler decreased their price target 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 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.