Banc Funds Co. LLC Has $2.52 Million Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Banc Funds Co. LLC lifted its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 196.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,704 shares of the company's stock after acquiring an additional 123,695 shares during the period. Banc Funds Co. LLC owned approximately 0.67% of Bridgewater Bancshares worth $2,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in Bridgewater Bancshares by 102.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,844 shares of the company's stock worth $31,000 after purchasing an additional 935 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Bridgewater Bancshares by 28.4% in the fourth quarter. New York State Common Retirement Fund now owns 4,074 shares of the company's stock valued at $55,000 after purchasing an additional 900 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in Bridgewater Bancshares by 59.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,146 shares of the company's stock valued at $83,000 after acquiring an additional 1,924 shares during the period. Barclays PLC boosted its stake in Bridgewater Bancshares by 327.1% in the 4th quarter. Barclays PLC now owns 5,463 shares of the company's stock worth $97,000 after purchasing an additional 4,184 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in shares of Bridgewater Bancshares by 300.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,861 shares of the company's stock worth $79,000 after buying an additional 4,396 shares during the last quarter. Institutional investors own 65.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. DA Davidson boosted their price objective on shares of Bridgewater Bancshares from $15.00 to $16.00 and gave the company a "buy" rating in a research report on Friday, January 26th. Piper Sandler reiterated an "overweight" rating and set a $15.50 target price on shares of Bridgewater Bancshares in a research report on Wednesday, January 17th. Hovde Group began coverage on shares of Bridgewater Bancshares in a research note on Monday, March 4th. They set an "outperform" rating for the company. Finally, TheStreet downgraded Bridgewater Bancshares from a "b-" rating to a "c+" rating in a report on Monday, March 11th.

Insider Activity at Bridgewater Bancshares

In related news, CEO Jerry J. Baack sold 15,687 shares of Bridgewater Bancshares stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total transaction of $205,656.57. Following the transaction, the chief executive officer now owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director James S. Johnson sold 12,590 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.62, for a total value of $146,295.80. Following the transaction, the director now owns 94,063 shares of the company's stock, valued at approximately $1,093,012.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jerry J. Baack sold 15,687 shares of Bridgewater Bancshares stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total value of $205,656.57. Following the sale, the chief executive officer now directly owns 1,237,351 shares of the company's stock, valued at $16,221,671.61. The disclosure for this sale can be found here. 23.21% of the stock is owned by company insiders.

Bridgewater Bancshares Trading Up 0.7 %

BWB traded up $0.08 during midday trading on Monday, reaching $11.67. 36,731 shares of the company's stock traded hands, compared to its average volume of 65,660. The stock has a market capitalization of $323.38 million, a price-to-earnings ratio of 9.26 and a beta of 0.65. Bridgewater Bancshares, Inc. has a 52 week low of $7.90 and a 52 week high of $14.43. The firm has a fifty day moving average of $11.77 and a two-hundred day moving average of $11.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.03 and a quick ratio of 1.03.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. Bridgewater Bancshares had a return on equity of 11.53% and a net margin of 17.46%. The business had revenue of $26.72 million during the quarter, compared to analyst estimates of $26.70 million. On average, equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.13 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.

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