Bridgewater Bancshares, Inc. $BWB Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Bridgewater Bancshares, Inc. by 24.4% in Q1, owning 1.40% of the company valued at approximately $5.36 million.
• Several institutional investors, including Tower Research Capital LLC and GAMMA Investing LLC, significantly raised their positions in Bridgewater Bancshares during the last quarters, reflecting growing investor interest.
• Analysts recently upgraded their price targets for Bridgewater Bancshares, with a consensus rating of "Buy" and an average price target of $20.00.

American Century Companies Inc. boosted its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 385,997 shares of the company's stock after purchasing an additional 75,730 shares during the quarter. American Century Companies Inc. owned about 1.40% of Bridgewater Bancshares worth $5,361,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Basswood Capital Management L.L.C. acquired a new stake in shares of Bridgewater Bancshares during the 4th quarter worth approximately $2,749,000. Nuveen LLC acquired a new stake in shares of Bridgewater Bancshares during the 1st quarter worth approximately $776,000. Dimensional Fund Advisors LP increased its holdings in shares of Bridgewater Bancshares by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company's stock worth $11,859,000 after buying an additional 40,683 shares during the last quarter. Deutsche Bank AG increased its holdings 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. Finally, GAMMA Investing LLC increased its position in shares of Bridgewater Bancshares by 1,665.1% during the 1st quarter. GAMMA Investing LLC now owns 20,210 shares of the company's stock worth $281,000 after purchasing an additional 19,065 shares during the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jerry J. Baack sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $16.01, for a total value of $160,100.00. Following the completion of the sale, the chief executive officer directly owned 1,214,361 shares of the company's stock, valued at approximately $19,441,919.61. This represents a 0.82% 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 this hyperlink. Also, Director Douglas J. Parish sold 7,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $15.23, for a total value of $114,225.00. Following the sale, the director directly owned 8,107 shares of the company's stock, valued at approximately $123,469.61. This represents a 48.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 94,298 shares of company stock valued at $1,508,238. 23.27% of the stock is owned by insiders.

Bridgewater Bancshares Stock Down 0.3%

Shares of Bridgewater Bancshares stock traded down $0.05 on Wednesday, reaching $16.43. 1,563 shares of the company were exchanged, compared to its average volume of 70,021. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $17.66. The company has a market cap of $451.36 million, a P/E ratio of 13.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.02 and a quick ratio of 1.02. The stock's 50 day moving average price is $16.12 and its 200-day moving average price is $14.96.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Bridgewater Bancshares had a return on equity of 9.73% and a net margin of 14.03%.The business had revenue of $35.61 million during the quarter, compared to the consensus estimate of $32.03 million. As a group, equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BWB. DA Davidson raised their price objective on Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Piper Sandler raised their price objective on Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $20.00.

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.