Foundry Partners LLC Acquires New Holdings in Bridgewater Bancshares Inc (NASDAQ:BWB)

Foundry Partners LLC acquired a new stake in Bridgewater Bancshares Inc (NASDAQ:BWB) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 91,235 shares of the company’s stock, valued at approximately $890,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in Bridgewater Bancshares by 96.4% in the 1st quarter. Russell Investments Group Ltd. now owns 26,316 shares of the company’s stock valued at $254,000 after acquiring an additional 12,918 shares during the last quarter. New York State Common Retirement Fund grew its stake in Bridgewater Bancshares by 174.2% in the 1st quarter. New York State Common Retirement Fund now owns 45,788 shares of the company’s stock valued at $446,000 after acquiring an additional 29,088 shares during the last quarter. Bowling Portfolio Management LLC acquired a new stake in Bridgewater Bancshares in the 1st quarter valued at about $722,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Bridgewater Bancshares in the 1st quarter valued at about $117,000. Finally, Monarch Partners Asset Management LLC grew its stake in Bridgewater Bancshares by 13.1% in the 1st quarter. Monarch Partners Asset Management LLC now owns 78,344 shares of the company’s stock valued at $764,000 after acquiring an additional 9,090 shares during the last quarter. 46.44% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Jerry J. Baack acquired 5,000 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were acquired at an average cost of $10.07 per share, for a total transaction of $50,350.00. Corporate insiders own 18.54% of the company’s stock.

Shares of BWB stock opened at $9.71 on Friday. The firm has a market cap of $279.77 million, a P/E ratio of 9.07 and a beta of 0.99. Bridgewater Bancshares Inc has a 1-year low of $7.99 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day simple moving average is $9.29 and its 200-day simple moving average is $11.80.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $21.82 million for the quarter, compared to analyst estimates of $20.32 million. Bridgewater Bancshares had a net margin of 28.45% and a return on equity of 13.29%. Analysts expect that Bridgewater Bancshares Inc will post 0.98 earnings per share for the current fiscal year.

BWB has been the topic of a number of research reports. TheStreet cut shares of Bridgewater Bancshares from a “c-” rating to a “d+” rating in a research note on Tuesday, April 14th. Zacks Investment Research cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine raised shares of Bridgewater Bancshares from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 2nd. B. Riley decreased their price target on shares of Bridgewater Bancshares from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Finally, BidaskClub cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Bridgewater Bancshares presently has a consensus rating of “Hold” and an average target price of $14.00.

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, 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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