Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 877,833 shares of the company's stock after purchasing an additional 40,683 shares during the period. 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 have also recently made changes to their positions in BWB. Fourthstone LLC acquired a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $2,856,000. Barclays PLC lifted its holdings in shares of Bridgewater Bancshares by 16.9% in the 4th quarter. Barclays PLC now owns 30,378 shares of the company's stock valued at $411,000 after buying an additional 4,381 shares during the period. Next Century Growth Investors LLC acquired a new position in Bridgewater Bancshares in the fourth quarter valued at approximately $3,989,000. Kennedy Capital Management LLC boosted its holdings in Bridgewater Bancshares by 59.0% during the fourth quarter. Kennedy Capital Management LLC now owns 223,797 shares of the company's stock worth $3,023,000 after buying an additional 83,049 shares in the last quarter. Finally, Martingale Asset Management L P grew its position in shares of Bridgewater Bancshares by 203.5% during the 4th quarter. Martingale Asset Management L P now owns 39,680 shares of the company's stock valued at $536,000 after acquiring an additional 26,604 shares during the period. Institutional investors and hedge funds own 65.83% of the company's stock.

Bridgewater Bancshares Trading Up 0.2%

BWB traded up $0.03 on Thursday, hitting $15.82. The company had a trading volume of 19,129 shares, compared to its average volume of 62,551. The company's fifty day moving average price is $13.99 and its 200 day moving average price is $14.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a 1 year low of $10.52 and a 1 year high of $16.00. The firm has a market cap of $436.43 million, a P/E ratio of 15.35 and a beta of 0.55.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $0.32 EPS for the quarter, beating 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. As a group, equities analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Thomas P. Trutna sold 2,200 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $15.78, for a total transaction of $34,716.00. Following the sale, the director now owns 100,031 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 23.27% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BWB. Piper Sandler reissued an "overweight" rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a report on Friday, April 25th. DA Davidson restated a "buy" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 30th.

Bridgewater Bancshares 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.