Franklin Resources Inc. Invests $174,000 in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Franklin Resources Inc. bought a new stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,864 shares of the company’s stock, valued at approximately $174,000.

Several other hedge funds have also made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new position in Bridgewater Bancshares in the 4th quarter valued at approximately $28,000. SG Americas Securities LLC raised its stake in shares of 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 purchasing an additional 1,248 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Bridgewater Bancshares in the fourth quarter valued at $157,000. Empowered Funds LLC lifted its position in Bridgewater Bancshares by 5.4% in the fourth quarter. Empowered Funds LLC now owns 17,418 shares of the company’s stock worth $235,000 after purchasing an additional 895 shares during the period. Finally, Jane Street Group LLC boosted its stake in Bridgewater Bancshares by 11.4% during the third quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock worth $336,000 after buying an additional 2,422 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

BWB has been the subject of a number of analyst reports. DA Davidson reaffirmed a “buy” rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler cut their price target on shares of 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 Stock Up 1.4 %

Shares of NASDAQ BWB opened at $13.22 on Friday. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.00. 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 business has a fifty day moving average of $13.75 and a two-hundred day moving average of $14.17. The stock has a market cap of $364.82 million, a PE ratio of 12.84 and a beta of 0.54.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) 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%. As a group, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Bridgewater Bancshares 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.