Dimensional Fund Advisors LP Grows Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Dimensional Fund Advisors LP increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 877,833 shares of the company’s stock after purchasing an additional 40,683 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.19% of Bridgewater Bancshares worth $11,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management purchased a new position in shares of Bridgewater Bancshares in the 4th quarter valued at $28,000. SG Americas Securities LLC grew its holdings in shares of Bridgewater Bancshares by 17.6% during the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after purchasing an additional 1,248 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Bridgewater Bancshares during the fourth quarter worth about $157,000. Wells Fargo & Company MN increased its position in shares of Bridgewater Bancshares by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company’s stock worth $158,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Bridgewater Bancshares in the 4th quarter valued at about $174,000. 65.83% of the stock is owned by institutional investors and hedge funds.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $15.51 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 50-day moving average price of $13.87 and a 200 day moving average price of $14.18. The company has a market cap of $428.01 million, a P/E ratio of 15.06 and a beta of 0.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. DA Davidson reaffirmed a “buy” rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Friday, April 25th.

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, 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.