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

Other hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Bridgewater Bancshares during the 3rd quarter valued at about $32,000. JNBA Financial Advisors bought a new position in Bridgewater Bancshares during the 2nd quarter valued at about $104,000. Russell Investments Group Ltd. bought a new position in Bridgewater Bancshares during the 3rd quarter valued at about $114,000. Envestnet Asset Management Inc. bought a new position in Bridgewater Bancshares during the 3rd quarter valued at about $124,000. Finally, Chicago Equity Partners LLC bought a new position in Bridgewater Bancshares during the 3rd quarter valued at about $159,000. 44.85% of the stock is owned by hedge funds and other institutional investors.

BWB traded up $0.13 during midday trading on Friday, hitting $12.76. The company had a trading volume of 84,300 shares, compared to its average volume of 108,082. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $364.60 million, a PE ratio of 14.02 and a beta of 0.99. Bridgewater Bancshares Inc has a twelve month low of $9.30 and a twelve month high of $12.85. The firm’s 50-day simple moving average is $12.17 and its 200-day simple moving average is $11.52.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $19.88 million during the quarter, compared to analysts’ expectations of $19.54 million. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.46%. As a group, sell-side analysts anticipate that Bridgewater Bancshares Inc will post 1.02 EPS for the current fiscal year.

Several research firms have weighed in on BWB. ValuEngine cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Zacks Investment Research upgraded shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Finally, DA Davidson restated a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Bridgewater Bancshares presently has an average rating of “Hold” and a consensus target price of $14.00.

Bridgewater Bancshares Company Profile

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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