Alliancebernstein L.P. Has $6.67 Million Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Alliancebernstein L.P. raised its position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 13.3% in the fourth quarter, HoldingsChannel reports. The fund owned 493,592 shares of the company’s stock after acquiring an additional 57,981 shares during the period. Alliancebernstein L.P.’s holdings in Bridgewater Bancshares were worth $6,668,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BWB. State Street Corp lifted its holdings in Bridgewater Bancshares by 1.1% during the 3rd quarter. State Street Corp now owns 449,345 shares of the company’s stock worth $6,367,000 after purchasing an additional 4,874 shares during the last quarter. American Century Companies Inc. increased its position in Bridgewater Bancshares by 8.4% during the 4th quarter. American Century Companies Inc. now owns 310,267 shares of the company’s stock worth $4,192,000 after buying an additional 24,161 shares during the period. Stieven Capital Advisors L.P. lifted its holdings in shares of Bridgewater Bancshares by 56.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock worth $3,242,000 after buying an additional 86,200 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Bridgewater Bancshares by 303.8% in the fourth quarter. JPMorgan Chase & Co. now owns 123,417 shares of the company’s stock valued at $1,667,000 after acquiring an additional 92,855 shares during the period. Finally, Sippican Capital Advisors grew its stake in shares of Bridgewater Bancshares by 5.7% in the fourth quarter. Sippican Capital Advisors now owns 90,410 shares of the company’s stock valued at $1,221,000 after acquiring an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB opened at $12.43 on Friday. 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 fifty-two week low of $10.52 and a fifty-two week high of $16.00. The company has a market cap of $343.02 million, a price-to-earnings ratio of 12.07 and a beta of 0.54. The stock has a fifty day moving average price of $13.95 and a 200-day moving average price of $14.20.

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

Analyst Ratings Changes

Several analysts have weighed in on BWB shares. Piper Sandler dropped their price objective on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 31st. DA Davidson reiterated a “buy” rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

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.