American International Group Inc. boosted its stake in shares of Bridgewater Bancshares Inc (NASDAQ:BWB) by 367.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,261 shares of the company’s stock after buying an additional 11,993 shares during the period. American International Group Inc. owned about 0.05% of Bridgewater Bancshares worth $161,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers purchased a new stake in Bridgewater Bancshares in the 4th quarter worth about $295,000. FMR LLC lifted its position in shares of Bridgewater Bancshares by 14.5% in the third quarter. FMR LLC now owns 1,494,135 shares of the company’s stock worth $19,454,000 after purchasing an additional 189,740 shares in the last quarter. Emerald Mutual Fund Advisers Trust lifted its position in shares of Bridgewater Bancshares by 0.7% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 728,202 shares of the company’s stock worth $7,683,000 after purchasing an additional 5,306 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of Bridgewater Bancshares in the fourth quarter worth approximately $384,000. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in shares of Bridgewater Bancshares by 58.7% during the third quarter. Pacific Ridge Capital Partners LLC now owns 134,070 shares of the company’s stock worth $1,746,000 after purchasing an additional 49,580 shares during the period. 41.17% of the stock is owned by institutional investors.
Several analysts recently issued reports on BWB shares. ValuEngine upgraded Bridgewater Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Finally, B. Riley initiated coverage on Bridgewater Bancshares in a research report on Friday, March 15th. They issued a “buy” rating and a $14.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $14.63.
Shares of BWB opened at $10.38 on Friday. The company has a market cap of $312.41 million and a P/E ratio of 11.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.06 and a current ratio of 1.06. Bridgewater Bancshares Inc has a twelve month low of $9.30 and a twelve month high of $13.87.
Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Thursday, January 24th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $17.60 million. Bridgewater Bancshares had a net margin of 30.67% and a return on equity of 12.87%. Analysts predict that Bridgewater Bancshares Inc will post 1.05 earnings per share for the current year.
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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, 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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