Proficio Capital Partners LLC Acquires New Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Proficio Capital Partners LLC acquired a new stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 11,646 shares of the company’s stock, valued at approximately $157,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Bridgewater Bancshares by 1.1% in 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 last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Bridgewater Bancshares by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock worth $3,866,000 after purchasing an additional 2,170 shares during the last quarter. Stieven Capital Advisors L.P. raised its stake in shares of Bridgewater Bancshares by 56.1% in the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock worth $3,242,000 after purchasing an additional 86,200 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Bridgewater Bancshares by 111.7% in the third quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock worth $2,367,000 after purchasing an additional 88,110 shares during the last quarter. Finally, Villanova Investment Management Co LLC raised its position in Bridgewater Bancshares by 3.8% during the third quarter. Villanova Investment Management Co LLC now owns 139,254 shares of the company’s stock valued at $1,973,000 after acquiring an additional 5,089 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Trading Up 1.8 %

NASDAQ:BWB opened at $13.88 on Thursday. The stock has a market cap of $382.46 million, a P/E ratio of 13.48 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. Bridgewater Bancshares, Inc. has a 1 year low of $10.52 and a 1 year high of $16.00. The stock has a 50-day simple moving average of $13.92 and a 200-day simple moving average of $14.29.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. As a group, analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BWB. DA Davidson reissued a “buy” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday, January 30th. Piper Sandler reduced their target price on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Friday, January 31st.

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.