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

Strs Ohio increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 41.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,300 shares of the company’s stock after buying an additional 13,500 shares during the quarter. Strs Ohio owned 0.17% of Bridgewater Bancshares worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In related news, Director James S. Johnson sold 12,590 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.62, for a total value of $146,295.80. Following the completion of the transaction, the director now owns 94,063 shares of the company’s stock, valued at approximately $1,093,012.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 15,687 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.11, for a total transaction of $205,656.57. Following the completion of the transaction, the chief executive officer now owns 1,237,351 shares of the company’s stock, valued at $16,221,671.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James S. Johnson sold 12,590 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.62, for a total value of $146,295.80. Following the transaction, the director now directly owns 94,063 shares of the company’s stock, valued at approximately $1,093,012.06. The disclosure for this sale can be found here. 23.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on BWB. DA Davidson boosted their price target on Bridgewater Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Piper Sandler restated an “overweight” rating and issued a $14.00 target price (down previously from $14.50) on shares of Bridgewater Bancshares in a research note on Friday. TheStreet downgraded Bridgewater Bancshares from a “b-” rating to a “c+” rating in a research note on Monday, March 11th. Finally, Hovde Group began coverage on Bridgewater Bancshares in a research note on Monday, March 4th. They issued an “outperform” rating on the stock.

Bridgewater Bancshares Stock Performance

NASDAQ BWB opened at $11.75 on Friday. The stock has a market capitalization of $325.59 million, a price-to-earnings ratio of 10.40 and a beta of 0.65. Bridgewater Bancshares, Inc. has a twelve month low of $7.90 and a twelve month high of $14.43. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.11. The stock has a 50-day moving average of $11.61 and a 200 day moving average of $11.47.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, January 24th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $26.72 million during the quarter, compared to analysts’ expectations of $26.70 million. Bridgewater Bancshares had a return on equity of 10.32% and a net margin of 15.37%. Sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.13 EPS for the current fiscal 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.