Pacific Ridge Capital Partners LLC lifted its stake in shares of Bridgewater Bancshares Inc (NASDAQ:BWB) by 58.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134,070 shares of the company’s stock after acquiring an additional 49,580 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.45% of Bridgewater Bancshares worth $1,746,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BWB. FMR LLC boosted its stake in Bridgewater Bancshares by 172.4% during the 2nd quarter. FMR LLC now owns 1,304,395 shares of the company’s stock valued at $16,592,000 after purchasing an additional 825,606 shares during the period. BlackRock Inc. bought a new stake in Bridgewater Bancshares during the 2nd quarter valued at approximately $4,283,000. Maltese Capital Management LLC boosted its stake in Bridgewater Bancshares by 65.2% during the 2nd quarter. Maltese Capital Management LLC now owns 578,328 shares of the company’s stock valued at $7,356,000 after purchasing an additional 228,328 shares during the period. Bank of America Corp DE boosted its stake in Bridgewater Bancshares by 6,357.1% during the 2nd quarter. Bank of America Corp DE now owns 137,794 shares of the company’s stock valued at $1,752,000 after purchasing an additional 135,660 shares during the period. Finally, Northern Trust Corp bought a new stake in Bridgewater Bancshares during the 2nd quarter valued at approximately $683,000. Institutional investors own 33.11% of the company’s stock.
Shares of NASDAQ:BWB opened at $11.33 on Friday. Bridgewater Bancshares Inc has a twelve month low of $10.04 and a twelve month high of $13.87. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 1.04.
Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Thursday, October 25th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $17.45 million during the quarter, compared to analysts’ expectations of $16.90 million. On average, research analysts forecast that Bridgewater Bancshares Inc will post 0.89 EPS for the current year.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. ValuEngine downgraded Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st.
WARNING: “Bridgewater Bancshares Inc (BWB) Stake Increased by Pacific Ridge Capital Partners LLC” was posted by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/12/08/bridgewater-bancshares-inc-bwb-stake-increased-by-pacific-ridge-capital-partners-llc.html.
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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.
See Also: Moving Average (MA)
Receive News & Ratings for Bridgewater Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridgewater Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.