Kennedy Capital Management LLC Increases Position in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Kennedy Capital Management LLC lifted its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 59.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,797 shares of the company's stock after buying an additional 83,049 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.81% of Bridgewater Bancshares worth $3,023,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BWB. Alliancebernstein L.P. increased its stake in Bridgewater Bancshares by 13.3% during the 4th quarter. Alliancebernstein L.P. now owns 493,592 shares of the company's stock worth $6,668,000 after buying an additional 57,981 shares in the last quarter. State Street Corp increased its position in shares of Bridgewater Bancshares by 1.1% during the third quarter. State Street Corp now owns 449,345 shares of the company's stock worth $6,367,000 after purchasing an additional 4,874 shares in the last quarter. American Century Companies Inc. increased its position in shares of 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 in the last quarter. Stieven Capital Advisors L.P. raised its stake in Bridgewater Bancshares by 56.1% in the 4th quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company's stock valued at $3,242,000 after purchasing an additional 86,200 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in Bridgewater Bancshares by 16.1% in the 4th quarter. Foundry Partners LLC now owns 193,910 shares of the company's stock valued at $2,620,000 after purchasing an additional 26,900 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BWB. DA Davidson reaffirmed a "buy" rating and set a $18.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler dropped their price objective on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, January 31st.

Bridgewater Bancshares Trading Up 1.4 %

Bridgewater Bancshares stock traded up $0.18 during trading on Friday, reaching $13.22. 41,871 shares of the company were exchanged, compared to its average volume of 55,209. The stock's 50 day simple moving average is $13.75 and its two-hundred day simple moving average is $14.16. The company has a market capitalization of $364.82 million, a P/E ratio of 12.84 and a beta of 0.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, topping 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%. On average, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share 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.