Pacific Ridge Capital Partners LLC Buys 49,580 Shares of Bridgewater Bancshares Inc (BWB)

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Pacific Ridge Capital Partners LLC lifted its stake in Bridgewater Bancshares Inc (NASDAQ:BWB) by 58.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 134,070 shares of the company’s stock after buying an additional 49,580 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Bridgewater Bancshares were worth $1,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Engineers Gate Manager LP acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $142,000. Acadian Asset Management LLC acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $148,000. Bank of New York Mellon Corp acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter worth approximately $157,000. Private Advisor Group LLC acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $163,000. Finally, Accredited Investors Inc. acquired a new position in shares of Bridgewater Bancshares in the 3rd quarter worth approximately $260,000. 33.11% of the stock is owned by institutional investors and hedge funds.

BWB has been the subject of a number of recent research reports. Zacks Investment Research cut Bridgewater Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. ValuEngine cut Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.

Shares of BWB opened at $11.33 on Friday. Bridgewater Bancshares Inc has a 1 year low of $10.04 and a 1 year high of $13.87. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.56.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). The firm had revenue of $17.45 million during the quarter, compared to analyst estimates of $16.90 million. As a group, research analysts predict that Bridgewater Bancshares Inc will post 0.89 EPS for the current fiscal year.

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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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.

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Institutional Ownership by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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