Proficio Capital Partners LLC Makes New $157,000 Investment in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Proficio Capital Partners LLC bought a new position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,646 shares of the company’s stock, valued at approximately $157,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Bridgewater Bancshares in the third quarter valued at approximately $209,000. D.A. Davidson & CO. acquired a new position in Bridgewater Bancshares during the third quarter worth $183,000. BNP Paribas Financial Markets boosted its stake in shares of Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after purchasing an additional 676 shares in the last quarter. Martingale Asset Management L P acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth about $185,000. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock worth $3,866,000 after buying an additional 2,170 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Trading Down 1.1 %

Shares of NASDAQ:BWB opened at $13.92 on Friday. The company has a market capitalization of $384.14 million, a P/E ratio of 13.51 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50 day simple moving average is $14.12 and its 200 day simple moving average is $14.29. Bridgewater Bancshares, Inc. has a 1 year low of $10.52 and a 1 year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. DA Davidson reiterated a “buy” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research 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 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.