Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 372,147 shares of the company’s stock after selling 4,593 shares during the quarter. Renaissance Technologies LLC owned approximately 1.35% of Bridgewater Bancshares worth $5,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BWB. Picton Mahoney Asset Management acquired a new position in shares of Bridgewater Bancshares during the fourth quarter valued at $28,000. SG Americas Securities LLC lifted its position in Bridgewater Bancshares by 17.6% in the 4th 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 during the last quarter. Proficio Capital Partners LLC acquired a new position in Bridgewater Bancshares during the 4th quarter valued at about $157,000. Wells Fargo & Company MN boosted its stake in Bridgewater Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock valued at $158,000 after purchasing an additional 2,540 shares during the period. Finally, Franklin Resources Inc. bought a new position in Bridgewater Bancshares in the 4th quarter worth about $174,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $13.22 on Monday. The firm has a market capitalization of $364.82 million, a PE ratio of 12.84 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. The firm has a 50-day moving average price of $13.75 and a 200 day moving average price of $14.17. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data 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%. On average, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.