JPMorgan Chase & Co. Buys 92,855 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

JPMorgan Chase & Co. grew its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 303.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,417 shares of the company's stock after acquiring an additional 92,855 shares during the period. JPMorgan Chase & Co. owned 0.45% of Bridgewater Bancshares worth $1,667,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Picton Mahoney Asset Management bought a new stake in Bridgewater Bancshares in the fourth quarter valued at approximately $28,000. SG Americas Securities LLC increased its holdings in shares of Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock valued at $112,000 after purchasing an additional 1,248 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Bridgewater Bancshares during the 4th quarter worth about $157,000. Empowered Funds LLC raised its holdings in Bridgewater Bancshares by 5.4% in the 4th quarter. Empowered Funds LLC now owns 17,418 shares of the company's stock valued at $235,000 after acquiring an additional 895 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Bridgewater Bancshares by 11.4% during the 3rd quarter. Jane Street Group LLC now owns 23,696 shares of the company's stock worth $336,000 after purchasing an additional 2,422 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BWB shares. DA Davidson restated a "buy" rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research report on Thursday, January 30th. Piper Sandler restated an "overweight" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research report on Friday, April 25th.

Bridgewater Bancshares Stock Down 0.9 %

Shares of BWB traded down $0.15 during trading hours on Thursday, hitting $15.25. The stock had a trading volume of 3,901 shares, compared to its average volume of 60,932. 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 $16.20. The firm has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $14.16. The firm has a market capitalization of $420.70 million, a P/E ratio of 14.82 and a beta of 0.54.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. The company had revenue of $32.29 million for the quarter, compared to analyst estimates of $29.88 million. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. Sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.38 EPS 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, 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.