Strs Ohio Increases Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Strs Ohio increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 41.2% in the fourth quarter, Holdings Channel reports. The firm owned 46,300 shares of the company’s stock after acquiring an additional 13,500 shares during the period. Strs Ohio’s holdings in Bridgewater Bancshares were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its position in Bridgewater Bancshares by 22.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 32,946 shares of the company’s stock worth $445,000 after purchasing an additional 6,126 shares during the period. SG Americas Securities LLC purchased a new stake in Bridgewater Bancshares during the 4th quarter worth $157,000. Punch & Associates Investment Management Inc. boosted its position in Bridgewater Bancshares by 7.4% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 654,300 shares of the company’s stock worth $6,203,000 after purchasing an additional 45,000 shares during the period. Finally, FMR LLC boosted its position in Bridgewater Bancshares by 16.7% during the 3rd quarter. FMR LLC now owns 1,647,159 shares of the company’s stock worth $15,615,000 after purchasing an additional 236,281 shares during the period. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock opened at $11.75 on Friday. The firm has a market cap of $325.59 million, a PE ratio of 10.40 and a beta of 0.65. The firm’s 50-day simple moving average is $11.61 and its 200-day simple moving average is $11.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.03 and a current ratio of 1.03. Bridgewater Bancshares, Inc. has a 1 year low of $7.90 and a 1 year high of $14.43.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Wednesday, January 24th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $26.72 million for the quarter, compared to analyst estimates of $26.70 million. Bridgewater Bancshares had a net margin of 15.37% and a return on equity of 10.32%. Equities analysts forecast that Bridgewater Bancshares, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Jerry J. Baack sold 15,687 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total value of $205,656.57. Following the sale, the chief executive officer now owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Jerry J. Baack sold 15,687 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $13.11, for a total value of $205,656.57. Following the sale, the chief executive officer now owns 1,237,351 shares in the company, valued at approximately $16,221,671.61. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James S. Johnson sold 12,590 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total transaction of $146,295.80. Following the sale, the director now owns 94,063 shares in the company, valued at approximately $1,093,012.06. The disclosure for this sale can be found here. Company insiders own 23.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $14.00 price target (down from $14.50) on shares of Bridgewater Bancshares in a research report on Friday. Hovde Group initiated coverage on shares of Bridgewater Bancshares in a research report on Monday, March 4th. They issued an “outperform” rating for the company. DA Davidson upped their price objective on shares of Bridgewater Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Finally, TheStreet cut shares of Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research report on Monday, March 11th.

About Bridgewater Bancshares

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.