Wedge Capital Management L L P NC Purchases New Holdings in Bridgewater Bancshares Inc (NASDAQ:BWB)

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Wedge Capital Management L L P NC purchased a new stake in Bridgewater Bancshares Inc (NASDAQ:BWB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,615 shares of the company’s stock, valued at approximately $1,010,000. Wedge Capital Management L L P NC owned approximately 0.29% of Bridgewater Bancshares as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Bridgewater Bancshares by 4.4% in the 2nd quarter. BlackRock Inc. now owns 1,316,550 shares of the company’s stock worth $15,194,000 after buying an additional 54,928 shares in the last quarter. Vanguard Group Inc. lifted its position in Bridgewater Bancshares by 23.7% in the 2nd quarter. Vanguard Group Inc. now owns 945,321 shares of the company’s stock worth $10,909,000 after buying an additional 180,929 shares in the last quarter. GW&K Investment Management LLC purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $4,551,000. Banc Funds Co. LLC lifted its position in Bridgewater Bancshares by 49.1% in the 2nd quarter. Banc Funds Co. LLC now owns 266,652 shares of the company’s stock worth $3,077,000 after buying an additional 87,800 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Bridgewater Bancshares by 4.5% in the 2nd quarter. Northern Trust Corp now owns 222,152 shares of the company’s stock worth $2,563,000 after buying an additional 9,554 shares in the last quarter. Institutional investors and hedge funds own 44.85% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. DA Davidson reiterated a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. Finally, ValuEngine downgraded shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Bridgewater Bancshares currently has an average rating of “Hold” and an average target price of $14.00.

Shares of BWB traded up $0.13 during mid-day trading on Friday, hitting $12.76. 84,300 shares of the company’s stock were exchanged, compared to its average volume of 108,082. The firm has a fifty day moving average of $12.17 and a two-hundred day moving average of $11.52. Bridgewater Bancshares Inc has a twelve month low of $9.30 and a twelve month high of $12.85. The stock has a market cap of $364.60 million, a price-to-earnings ratio of 14.02 and a beta of 0.99. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.73.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.46%. The company had revenue of $19.88 million for the quarter, compared to analyst estimates of $19.54 million. On average, equities analysts predict that Bridgewater Bancshares Inc will post 1.02 earnings per share for the current 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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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

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