JPMorgan Chase & Co. Has $1.67 Million Stock Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

JPMorgan Chase & Co. grew its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 303.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,417 shares of the company's stock after purchasing an additional 92,855 shares during the quarter. JPMorgan Chase & Co. owned about 0.45% of Bridgewater Bancshares worth $1,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BWB. American Century Companies Inc. boosted its position in Bridgewater Bancshares by 8.4% during the fourth quarter. American Century Companies Inc. now owns 310,267 shares of the company's stock worth $4,192,000 after purchasing an additional 24,161 shares during the period. Picton Mahoney Asset Management bought a new stake in shares of Bridgewater Bancshares during the 4th quarter worth $28,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Bridgewater Bancshares by 222.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,682 shares of the company's stock worth $644,000 after buying an additional 32,901 shares during the period. Proficio Capital Partners LLC acquired a new position in Bridgewater Bancshares in the 4th quarter valued at $157,000. Finally, Victory Capital Management Inc. raised its holdings in Bridgewater Bancshares by 12.2% in the 4th quarter. Victory Capital Management Inc. now owns 70,000 shares of the company's stock worth $946,000 after acquiring an additional 7,600 shares during the period. Institutional investors and hedge funds own 65.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BWB. DA Davidson restated a "buy" rating and set a $18.00 price target on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler restated an "overweight" rating and set a $18.00 target price on shares of Bridgewater Bancshares in a research note on Friday.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB traded up $0.06 during trading hours on Tuesday, hitting $15.25. 101,453 shares of the company traded hands, compared to its average volume of 61,039. 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 twelve month low of $10.52 and a twelve month high of $16.00. The firm has a 50-day moving average of $13.63 and a 200 day moving average of $14.15. The stock has a market capitalization of $420.84 million, a price-to-earnings ratio of 14.81 and a beta of 0.54.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. The business had revenue of $32.29 million during the quarter, compared to analysts' expectations of $29.88 million. On average, analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

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, 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.