Connor Clark & Lunn Investment Management Ltd. Grows Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Connor Clark & Lunn Investment Management Ltd. increased its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 222.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,682 shares of the company's stock after acquiring an additional 32,901 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.17% of Bridgewater Bancshares worth $644,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock worth $63,000 after buying an additional 676 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Bridgewater Bancshares by 17.6% during the 4th 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 last quarter. Proficio Capital Partners LLC bought a new position in shares of Bridgewater Bancshares during the 4th quarter valued at $157,000. D.A. Davidson & CO. bought a new stake in Bridgewater Bancshares in the third quarter worth $183,000. Finally, Martingale Asset Management L P purchased a new stake in Bridgewater Bancshares during the third quarter valued at about $185,000. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Trading Up 1.6 %

Shares of BWB stock traded up $0.22 during trading hours on Wednesday, reaching $13.97. The company's stock had a trading volume of 27,758 shares, compared to its average volume of 49,564. 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 one year low of $10.52 and a one year high of $16.00. The stock has a market capitalization of $385.52 million, a P/E ratio of 13.56 and a beta of 0.67. The firm's fifty day simple moving average is $14.07 and its 200 day simple moving average is $14.29.

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Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 EPS 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%. Equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

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

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.