Bridgewater Bancshares Inc (NASDAQ:BWB) Stake Raised by Bank of America Corp DE

Bank of America Corp DE boosted its holdings in Bridgewater Bancshares Inc (NASDAQ:BWB) by 3.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 151,160 shares of the company’s stock after purchasing an additional 4,859 shares during the quarter. Bank of America Corp DE’s holdings in Bridgewater Bancshares were worth $1,744,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Stieven Capital Advisors L.P. acquired a new stake in Bridgewater Bancshares during the 2nd quarter worth about $1,665,000. Eidelman Virant Capital raised its holdings in Bridgewater Bancshares by 42.9% during the 2nd quarter. Eidelman Virant Capital now owns 82,230 shares of the company’s stock worth $948,000 after buying an additional 24,680 shares during the period. Banc Funds Co. LLC raised its holdings in Bridgewater Bancshares by 49.1% during the 2nd quarter. Banc Funds Co. LLC now owns 266,652 shares of the company’s stock worth $3,077,000 after buying an additional 87,800 shares during the period. JNBA Financial Advisors acquired a new stake in Bridgewater Bancshares during the 2nd quarter worth about $104,000. Finally, AlphaOne Investment Services LLC raised its holdings in Bridgewater Bancshares by 526.2% during the 2nd quarter. AlphaOne Investment Services LLC now owns 27,194 shares of the company’s stock worth $314,000 after buying an additional 22,851 shares during the period. Hedge funds and other institutional investors own 44.92% of the company’s stock.

Several analysts have issued reports on BWB shares. ValuEngine upgraded Bridgewater Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded Bridgewater Bancshares from a “sell” rating to a “hold” rating in a report on Monday, October 14th. Finally, DA Davidson restated a “buy” rating on shares of Bridgewater Bancshares in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Bridgewater Bancshares currently has a consensus rating of “Buy” and an average price target of $14.00.

Shares of BWB opened at $12.37 on Wednesday. The company has a market capitalization of $349.61 million, a price-to-earnings ratio of 13.59, a P/E/G ratio of 0.80 and a beta of 0.98. Bridgewater Bancshares Inc has a fifty-two week low of $9.30 and a fifty-two week high of $12.70. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.07 and a quick ratio of 1.07. The business’s 50-day moving average is $11.85 and its 200-day moving average is $11.34.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, July 25th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $19.27 million for the quarter, compared to the consensus estimate of $18.55 million. Bridgewater Bancshares had a return on equity of 13.11% and a net margin of 29.44%. Equities research analysts expect that Bridgewater Bancshares Inc will post 1.01 earnings per share for the current fiscal year.

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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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Institutional Ownership by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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