Next Century Growth Investors LLC Acquires New Stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Next Century Growth Investors LLC acquired a new position in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 295,288 shares of the company's stock, valued at approximately $3,989,000. Next Century Growth Investors LLC owned 1.07% of Bridgewater Bancshares at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BWB. Barclays PLC lifted its stake in Bridgewater Bancshares by 283.4% in the third quarter. Barclays PLC now owns 25,997 shares of the company's stock worth $369,000 after acquiring an additional 19,217 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Bridgewater Bancshares in the 4th quarter worth approximately $157,000. American Century Companies Inc. boosted its stake 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 valued at $4,192,000 after purchasing an additional 24,161 shares in the last quarter. State Street Corp increased its holdings in Bridgewater Bancshares by 1.1% during the third quarter. State Street Corp now owns 449,345 shares of the company's stock valued at $6,367,000 after buying an additional 4,874 shares during the period. Finally, Foundry Partners LLC increased its holdings in Bridgewater Bancshares by 16.1% during the fourth quarter. Foundry Partners LLC now owns 193,910 shares of the company's stock valued at $2,620,000 after buying an additional 26,900 shares during the period. Institutional investors own 65.83% of the company's stock.

Wall Street Analyst Weigh In

BWB has been the topic of a number of analyst reports. DA Davidson reiterated a "buy" rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler reduced their target price on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Friday, January 31st.

Bridgewater Bancshares Stock Performance

Shares of BWB stock traded up $0.17 during mid-day trading on Thursday, reaching $13.21. The stock had a trading volume of 22,612 shares, compared to its average volume of 55,077. The business's fifty day moving average is $13.83 and its 200-day moving average is $14.18. The firm has a market cap of $364.54 million, a price-to-earnings ratio of 12.83 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 current ratio of 1.02, a quick 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share 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.