Northern Trust Corp Purchases New Holdings in Bridgewater Bancshares Inc (BWB)

Northern Trust Corp purchased a new position in shares of Bridgewater Bancshares Inc (NASDAQ:BWB) during the 2nd quarter, Holdings Channel reports. The fund purchased 53,737 shares of the company’s stock, valued at approximately $683,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in Bridgewater Bancshares by 6,357.1% in the 2nd quarter. Bank of America Corp DE now owns 137,794 shares of the company’s stock valued at $1,752,000 after buying an additional 135,660 shares during the period. FMR LLC raised its holdings in Bridgewater Bancshares by 172.4% in the 2nd quarter. FMR LLC now owns 1,304,395 shares of the company’s stock valued at $16,592,000 after buying an additional 825,606 shares during the period. BlackRock Inc. purchased a new stake in Bridgewater Bancshares in the 2nd quarter valued at about $4,283,000. Maltese Capital Management LLC raised its holdings in Bridgewater Bancshares by 65.2% in the 2nd quarter. Maltese Capital Management LLC now owns 578,328 shares of the company’s stock valued at $7,356,000 after buying an additional 228,328 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in Bridgewater Bancshares in the 2nd quarter valued at about $309,000. Institutional investors and hedge funds own 33.11% of the company’s stock.

Shares of Bridgewater Bancshares stock opened at $11.12 on Friday. Bridgewater Bancshares Inc has a one year low of $10.04 and a one year high of $13.87. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $17.45 million during the quarter, compared to analyst estimates of $16.90 million. As a group, research analysts forecast that Bridgewater Bancshares Inc will post 0.89 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Bridgewater Bancshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st.

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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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.

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Want to see what other hedge funds are holding BWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bridgewater Bancshares Inc (NASDAQ:BWB).

Institutional Ownership by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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