Meeder Asset Management Inc. purchased a new stake in shares of Bridgewater Bancshares Inc (NASDAQ:BWB) during the 3rd quarter, HoldingsChannel reports. The fund purchased 2,645 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds have also recently modified their holdings of BWB. Mesirow Financial Investment Management Inc. increased its position in shares of Bridgewater Bancshares by 12.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 61,466 shares of the company’s stock valued at $716,000 after purchasing an additional 6,636 shares during the period. Eidelman Virant Capital boosted its stake in shares of Bridgewater Bancshares by 42.9% during the 2nd quarter. Eidelman Virant Capital now owns 82,230 shares of the company’s stock worth $948,000 after acquiring an additional 24,680 shares in the last quarter. JNBA Financial Advisors bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth $104,000. GW&K Investment Management LLC bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth $4,551,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth $1,096,000. Institutional investors own 44.90% of the company’s stock.

BWB has been the subject of several research reports. ValuEngine lowered Bridgewater Bancshares from a “hold” rating to a “sell” rating in a research note on Friday. DA Davidson reissued a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, July 26th. Finally, Zacks Investment Research raised Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Bridgewater Bancshares presently has an average rating of “Hold” and a consensus target price of $14.00.

BWB opened at $12.49 on Tuesday. The stock has a market cap of $356.24 million, a price-to-earnings ratio of 12.24, a PEG ratio of 0.82 and a beta of 0.98. Bridgewater Bancshares Inc has a 1 year low of $9.30 and a 1 year high of $12.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73. The stock has a fifty day moving average price of $11.99 and a 200 day moving average price of $11.40.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The firm had revenue of $19.88 million during the quarter, compared to analysts’ expectations of $19.54 million. Bridgewater Bancshares had a return on equity of 13.46% and a net margin of 29.44%. As a group, sell-side analysts forecast that Bridgewater Bancshares Inc will post 1 earnings per share for the current fiscal year.

Bridgewater Bancshares Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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Want to see what other hedge funds are holding BWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bridgewater Bancshares Inc (NASDAQ:BWB).

Institutional Ownership by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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