Squarepoint Ops LLC Takes Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Squarepoint Ops LLC acquired a new position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,628 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWB. Two Sigma Advisers LP raised its holdings in Bridgewater Bancshares by 4.7% during the fourth quarter. Two Sigma Advisers LP now owns 64,800 shares of the company’s stock worth $875,000 after purchasing an additional 2,900 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Bridgewater Bancshares by 14.2% in the fourth quarter. Two Sigma Investments LP now owns 69,580 shares of the company’s stock valued at $940,000 after buying an additional 8,676 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Bridgewater Bancshares by 544.0% during the 4th quarter. Deutsche Bank AG now owns 22,674 shares of the company’s stock worth $306,000 after buying an additional 19,153 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Bridgewater Bancshares by 43.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 45,795 shares of the company’s stock worth $619,000 after buying an additional 13,963 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in shares of Bridgewater Bancshares by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 74,918 shares of the company’s stock worth $1,012,000 after buying an additional 895 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Trading Up 3.0%

Shares of Bridgewater Bancshares stock opened at $14.98 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. Bridgewater Bancshares, Inc. has a 1 year low of $10.52 and a 1 year high of $16.34. The company has a market capitalization of $411.05 million, a P/E ratio of 14.54 and a beta of 0.52. The business has a 50 day moving average price of $14.34 and a 200 day moving average price of $14.20.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share 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 company had revenue of $32.29 million during the quarter, compared to analysts’ expectations of $29.88 million. Sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Insider Activity

In other news, Director Thomas P. Trutna sold 2,200 shares of the stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $15.78, for a total value of $34,716.00. Following the completion of the sale, the director now owns 100,031 shares of the company’s stock, valued at $1,578,489.18. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Lisa M. Salazar sold 3,737 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $14.40, for a total value of $53,812.80. Following the completion of the sale, the chief operating officer now owns 32,335 shares of the company’s stock, valued at approximately $465,624. This represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 23.27% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler restated an “overweight” rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research report 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.