Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Acquired by Foundry Partners LLC

Foundry Partners LLC increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 16.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,910 shares of the company’s stock after acquiring an additional 26,900 shares during the quarter. Foundry Partners LLC owned about 0.70% of Bridgewater Bancshares worth $2,620,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new stake in shares of Bridgewater Bancshares in the 4th quarter worth $28,000. BNP Paribas Financial Markets grew its holdings in shares of Bridgewater Bancshares by 18.0% in the third 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 period. SG Americas Securities LLC increased its position in Bridgewater Bancshares by 17.6% during the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after purchasing an additional 1,248 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Bridgewater Bancshares during the fourth quarter worth about $157,000. Finally, Franklin Resources Inc. acquired a new position in Bridgewater Bancshares in the 4th quarter valued at about $174,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Trading Down 4.7 %

Shares of BWB stock opened at $12.29 on Friday. Bridgewater Bancshares, Inc. has a 1-year low of $10.52 and a 1-year high of $16.00. The firm has a market cap of $339.15 million, a PE ratio of 11.93 and a beta of 0.54. The company has a 50-day moving average of $14.12 and a two-hundred day moving average of $14.28. 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) last posted its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, beating 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%. On average, analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on BWB shares. DA Davidson restated 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 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.