Alliancebernstein L.P. Has $6.67 Million Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Alliancebernstein L.P. increased its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 493,592 shares of the company's stock after acquiring an additional 57,981 shares during the period. Alliancebernstein L.P. owned about 1.79% of Bridgewater Bancshares worth $6,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in Bridgewater Bancshares during the 4th quarter worth approximately $28,000. BNP Paribas Financial Markets lifted its holdings in Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock valued at $63,000 after buying an additional 676 shares during the period. SG Americas Securities LLC boosted its position in Bridgewater Bancshares by 17.6% during the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock valued at $112,000 after acquiring an additional 1,248 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Bridgewater Bancshares in the 4th quarter worth about $157,000. Finally, Empowered Funds LLC lifted its stake 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 valued at $235,000 after purchasing an additional 895 shares during the period. 65.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BWB has been the subject of several recent analyst reports. Piper Sandler decreased their target price on Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, January 31st. DA Davidson reissued a "buy" rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research note on Thursday, January 30th.

Bridgewater Bancshares Stock Up 0.7 %

NASDAQ:BWB traded up $0.10 on Thursday, hitting $13.14. The stock had a trading volume of 9,139 shares, compared to its average volume of 55,026. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a 52 week low of $10.52 and a 52 week high of $16.00. The business's fifty day moving average is $13.83 and its 200 day moving average is $14.18. The company has a market cap of $362.47 million, a PE ratio of 12.75 and a beta of 0.54.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. On average, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal 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.