Acadian Asset Management LLC Purchases 15,910 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Acadian Asset Management LLC raised its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,855 shares of the company’s stock after purchasing an additional 15,910 shares during the period. Acadian Asset Management LLC owned about 0.65% of Bridgewater Bancshares worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Bridgewater Bancshares by 5.3% in the 1st quarter. Bank of New York Mellon Corp now owns 80,785 shares of the company’s stock worth $1,347,000 after acquiring an additional 4,035 shares in the last quarter. American Century Companies Inc. raised its position in shares of Bridgewater Bancshares by 28.3% in the 1st quarter. American Century Companies Inc. now owns 95,131 shares of the company’s stock worth $1,587,000 after acquiring an additional 20,980 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Bridgewater Bancshares in the 1st quarter worth $173,000. MetLife Investment Management LLC raised its position in shares of Bridgewater Bancshares by 52.2% in the 1st quarter. MetLife Investment Management LLC now owns 12,609 shares of the company’s stock worth $210,000 after acquiring an additional 4,324 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Bridgewater Bancshares by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 399,704 shares of the company’s stock worth $6,667,000 after acquiring an additional 37,471 shares in the last quarter. 49.10% of the stock is owned by institutional investors.

Bridgewater Bancshares Trading Up 3.9 %

BWB opened at $10.87 on Friday. Bridgewater Bancshares, Inc. has a 12 month low of $7.90 and a 12 month high of $20.20. The stock has a fifty day moving average price of $10.37 and a 200-day moving average price of $10.72. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.00. The firm has a market cap of $304.10 million, a price-to-earnings ratio of 6.79 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, July 27th. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. Bridgewater Bancshares had a return on equity of 15.05% and a net margin of 24.28%. The firm had revenue of $56.42 million for the quarter, compared to the consensus estimate of $29.10 million. During the same period in the previous year, the business earned $0.41 EPS. As a group, equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director Lisa Brezonik bought 4,900 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average cost of $10.08 per share, for a total transaction of $49,392.00. Following the purchase, the director now directly owns 20,040 shares in the company, valued at $202,003.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 21.97% of the stock is owned by company insiders.

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. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.