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

American Century Companies Inc. lifted its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,267 shares of the company's stock after acquiring an additional 24,161 shares during the quarter. American Century Companies Inc. owned 1.13% of Bridgewater Bancshares worth $4,192,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new stake in Bridgewater Bancshares in the fourth quarter valued at $28,000. BNP Paribas Financial Markets increased its holdings in shares of Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock valued at $63,000 after purchasing an additional 676 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock valued at $112,000 after purchasing an additional 1,248 shares during the period. Proficio Capital Partners LLC purchased a new stake in Bridgewater Bancshares during the fourth quarter worth about $157,000. Finally, Empowered Funds LLC grew its position in Bridgewater Bancshares by 5.4% during the fourth quarter. Empowered Funds LLC now owns 17,418 shares of the company's stock worth $235,000 after buying an additional 895 shares during the period. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Trading Down 4.0 %

Shares of NASDAQ BWB traded down $0.53 during midday trading on Thursday, hitting $12.60. The stock had a trading volume of 52,553 shares, compared to its average volume of 53,814. The company has a fifty day moving average price of $13.99 and a 200 day moving average price of $14.21. The company has a market capitalization of $347.71 million, a price-to-earnings ratio of 12.23 and a beta of 0.54. Bridgewater Bancshares, Inc. has a 1-year low of $10.52 and a 1-year high of $16.00. 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 (NASDAQ:BWB - Get Free Report) last issued its earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates 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 predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Piper Sandler decreased their price objective on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, January 31st. 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.

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.