Barclays PLC Grows Stock Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Barclays PLC boosted its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,378 shares of the company’s stock after purchasing an additional 4,381 shares during the quarter. Barclays PLC owned about 0.11% of Bridgewater Bancshares worth $411,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BWB. Picton Mahoney Asset Management acquired a new stake in shares of Bridgewater Bancshares in the fourth quarter valued at approximately $28,000. SG Americas Securities LLC increased its stake in shares of Bridgewater Bancshares by 17.6% in the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after acquiring an additional 1,248 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Bridgewater Bancshares during the 4th quarter worth $157,000. Wells Fargo & Company MN boosted its position in shares of 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 acquiring an additional 2,540 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Bridgewater Bancshares in the fourth quarter valued at about $174,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Down 1.1 %

Bridgewater Bancshares stock opened at $15.51 on Friday. Bridgewater Bancshares, Inc. has a twelve month low of $10.52 and a twelve month high of $16.00. The firm has a market capitalization of $428.01 million, a P/E ratio of 15.06 and a beta of 0.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock’s fifty day simple moving average is $13.87 and its 200-day simple moving average is $14.18.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. The business had revenue of $32.29 million during the quarter, compared to the consensus estimate of $29.88 million. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BWB has been the topic of several analyst reports. DA Davidson reaffirmed a “buy” rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 30th. Piper Sandler reiterated an “overweight” rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research note on Friday, April 25th.

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.