Bridgeway Capital Management LLC Increases Stock Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Bridgeway Capital Management LLC increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,918 shares of the company’s stock after purchasing an additional 895 shares during the period. Bridgeway Capital Management LLC owned 0.27% of Bridgewater Bancshares worth $1,012,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC lifted its position in Bridgewater Bancshares by 283.4% during the third quarter. Barclays PLC now owns 25,997 shares of the company’s stock valued at $369,000 after acquiring an additional 19,217 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Bridgewater Bancshares during the fourth quarter worth $157,000. American Century Companies Inc. boosted its position in shares of Bridgewater Bancshares by 8.4% in the 4th quarter. American Century Companies Inc. now owns 310,267 shares of the company’s stock worth $4,192,000 after purchasing an additional 24,161 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Bridgewater Bancshares by 222.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,682 shares of the company’s stock worth $644,000 after buying an additional 32,901 shares during the last quarter. Finally, Foundry Partners LLC increased its position in Bridgewater Bancshares by 16.1% during the 4th quarter. Foundry Partners LLC now owns 193,910 shares of the company’s stock valued at $2,620,000 after buying an additional 26,900 shares in the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB opened at $15.51 on Friday. The company has a market capitalization of $428.01 million, a PE ratio of 15.06 and a beta of 0.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day moving average price is $13.87 and its 200 day moving average price is $14.17. Bridgewater Bancshares, Inc. has a 1 year low of $10.52 and a 1 year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. The business had revenue of $32.29 million during the quarter, compared to the consensus estimate of $29.88 million. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. On average, research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BWB shares. Piper Sandler reissued an “overweight” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a report on Friday, April 25th. DA Davidson reiterated a “buy” rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research note on Thursday, January 30th.

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.