Foundry Partners LLC Grows Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Foundry Partners LLC increased its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,910 shares of the company's stock after acquiring an additional 26,900 shares during the quarter. Foundry Partners LLC owned approximately 0.70% of Bridgewater Bancshares worth $2,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in shares of Bridgewater Bancshares in the 4th quarter worth about $28,000. BNP Paribas Financial Markets lifted its holdings in Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock worth $63,000 after buying an additional 676 shares during the period. SG Americas Securities LLC boosted its position in Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock valued at $112,000 after acquiring an additional 1,248 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Bridgewater Bancshares during the 4th quarter worth approximately $157,000. Finally, Franklin Resources Inc. bought a new position in shares of Bridgewater Bancshares in the 4th quarter worth approximately $174,000. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock traded down $0.51 during midday trading on Thursday, reaching $12.62. 17,158 shares of the company traded hands, compared to its average volume of 53,710. 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 12 month low of $10.52 and a 12 month high of $16.00. The firm has a market capitalization of $348.26 million, a price-to-earnings ratio of 12.25 and a beta of 0.54. The business has a 50 day moving average of $14.01 and a two-hundred day moving average of $14.22.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. As a group, research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

BWB has been the subject of a number of research reports. DA Davidson reiterated a "buy" rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler dropped their price objective on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st.

About Bridgewater Bancshares

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.