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

Proficio Capital Partners LLC bought a new position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,646 shares of the company’s stock, valued at approximately $157,000.

A number of other hedge funds have also bought and sold shares of BWB. BNP Paribas Financial Markets grew its stake in shares of Bridgewater Bancshares by 18.0% during 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 during the period. SG Americas Securities LLC grew its stake in shares of Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after purchasing an additional 1,248 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at about $183,000. Martingale Asset Management L P bought a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at about $185,000. Finally, GSA Capital Partners LLP bought a new position in shares of Bridgewater Bancshares during the 3rd quarter valued at approximately $202,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler cut their price objective on 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 set a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Thursday, January 30th.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB opened at $13.88 on Thursday. The stock’s fifty day moving average is $13.92 and its 200 day moving average is $14.29. The firm has a market capitalization of $382.46 million, a PE 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 fifty-two week low of $10.52 and a fifty-two week high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. On average, sell-side analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current 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.