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

Foundry Partners LLC increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 193,910 shares of the company’s stock after buying an additional 26,900 shares during the period. Foundry Partners LLC’s holdings in Bridgewater Bancshares were worth $2,620,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in BWB. BNP Paribas Financial Markets raised its position in Bridgewater Bancshares by 18.0% in the 3rd 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 in the last quarter. Empowered Funds LLC increased its stake in shares of Bridgewater Bancshares by 5.4% during the fourth quarter. Empowered Funds LLC now owns 17,418 shares of the company’s stock worth $235,000 after buying an additional 895 shares during the period. SG Americas Securities LLC raised its holdings in Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after acquiring an additional 1,248 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Bridgewater Bancshares in the fourth quarter worth approximately $28,000. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in Bridgewater Bancshares by 0.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock worth $3,866,000 after acquiring an additional 2,170 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BWB has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. DA Davidson restated a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research note on Thursday, January 30th.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock opened at $12.29 on Friday. The firm has a market capitalization of $339.15 million, a P/E ratio of 11.93 and a beta of 0.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a 52 week low of $10.52 and a 52 week high of $16.00. The firm’s 50 day moving average is $14.12 and its two-hundred day moving average is $14.28.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly 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%. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

About Bridgewater Bancshares

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.