JPMorgan Chase & Co. Buys 19,201 Shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB)

JPMorgan Chase & Co. boosted its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 169.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,562 shares of the company's stock after purchasing an additional 19,201 shares during the quarter. JPMorgan Chase & Co. owned about 0.11% of Bridgewater Bancshares worth $433,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company's stock valued at $9,171,000 after purchasing an additional 37,090 shares during the period. Sei Investments Co. increased its holdings in Bridgewater Bancshares by 23.3% in the second quarter. Sei Investments Co. now owns 14,360 shares of the company's stock valued at $167,000 after purchasing an additional 2,713 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Bridgewater Bancshares in the second quarter valued at about $35,000. SG Americas Securities LLC acquired a new position in Bridgewater Bancshares in the third quarter valued at about $100,000. Finally, Riverwater Partners LLC boosted its holdings in Bridgewater Bancshares by 31.5% during the third quarter. Riverwater Partners LLC now owns 23,498 shares of the company's stock worth $320,000 after buying an additional 5,627 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Trading Down 0.7 %

NASDAQ:BWB traded down $0.10 on Friday, reaching $14.12. The company's stock had a trading volume of 52,355 shares, compared to its average volume of 53,792. Bridgewater Bancshares, Inc. has a 1-year low of $10.52 and a 1-year high of $16.00. The business's 50-day moving average price is $14.03 and its two-hundred day moving average price is $14.10. The firm has a market cap of $387.31 million, a PE ratio of 13.71 and a beta of 0.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director James S. Johnson sold 4,705 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $15.00, for a total transaction of $70,575.00. Following the completion of the transaction, the director now directly owns 93,646 shares in the company, valued at approximately $1,404,690. This trade represents a 4.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas P. Trutna sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total value of $30,260.00. Following the completion of the sale, the director now owns 100,780 shares in the company, valued at $1,524,801.40. The trade was a 1.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,455 shares of company stock valued at $233,903. 23.21% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on BWB shares. Piper Sandler lowered their price target on Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday. DA Davidson reaffirmed a "buy" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research note on Thursday.

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.