Bridgewater Bancshares, Inc. (NASDAQ:BWB) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 8.4% in the fourth quarter, HoldingsChannel reports. The fund owned 310,267 shares of the company’s stock after purchasing an additional 24,161 shares during the quarter. American Century Companies Inc.’s holdings in Bridgewater Bancshares were worth $4,192,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets raised its position in Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after acquiring an additional 676 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Bridgewater Bancshares by 5.4% in the 4th quarter. Empowered Funds LLC now owns 17,418 shares of the company’s stock worth $235,000 after purchasing an additional 895 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Bridgewater Bancshares by 17.6% in the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after purchasing an additional 1,248 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Bridgewater Bancshares during the fourth quarter valued at approximately $28,000. Finally, Jane Street Group LLC boosted its holdings in Bridgewater Bancshares by 11.4% during the third quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock worth $336,000 after buying an additional 2,422 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BWB shares. DA Davidson reaffirmed a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler cut their target price on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st.

Bridgewater Bancshares Price Performance

BWB stock opened at $12.29 on Friday. The firm has a 50-day moving average of $14.12 and a two-hundred day moving average of $14.28. The firm has a market capitalization of $339.15 million, a PE ratio of 11.93 and a beta of 0.54. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a one year low of $10.52 and a one year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. On average, analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

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.