American Century Companies Inc. Raises Stock Holdings in Bridgewater Bancshares, Inc. $BWB

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 holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 24.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 1.40% of Bridgewater Bancshares worth $5,361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Bridgewater Bancshares by 1,665.1% in the first quarter. GAMMA Investing LLC now owns 20,210 shares of the company's stock valued at $281,000 after purchasing an additional 19,065 shares during the last quarter. Deutsche Bank AG increased its stake in Bridgewater Bancshares by 544.0% in the fourth quarter. Deutsche Bank AG now owns 22,674 shares of the company's stock valued at $306,000 after purchasing an additional 19,153 shares during the last quarter. Barclays PLC increased its stake in Bridgewater Bancshares by 16.9% in the fourth quarter. Barclays PLC now owns 30,378 shares of the company's stock valued at $411,000 after purchasing an additional 4,381 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Bridgewater Bancshares by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company's stock valued at $11,859,000 after purchasing an additional 40,683 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Bridgewater Bancshares during the first quarter valued at about $776,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BWB shares. Piper Sandler boosted their price target on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. DA Davidson boosted their price target on Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $20.00.

Insider Buying and Selling

In related news, EVP Mary Jayne Crocker sold 9,314 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $16.05, for a total value of $149,489.70. Following the completion of the transaction, the executive vice president owned 192,339 shares of the company's stock, valued at approximately $3,087,040.95. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jerry J. Baack sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $16.01, for a total value of $160,100.00. Following the completion of the transaction, the chief executive officer directly owned 1,214,361 shares of the company's stock, valued at $19,441,919.61. This represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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 1.5%

Shares of NASDAQ BWB traded down $0.24 on Wednesday, hitting $16.23. The company had a trading volume of 21,887 shares, compared to its average volume of 44,641. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $17.66. The business has a 50 day moving average of $16.13 and a two-hundred day moving average of $14.97. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $446.00 million, a P/E ratio of 13.30 and a beta of 0.58.

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

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.