Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 222.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,682 shares of the company’s stock after purchasing an additional 32,901 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of Bridgewater Bancshares worth $644,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of 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. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Bridgewater Bancshares by 0.8% during the 3rd 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. lifted its stake in shares of Bridgewater Bancshares by 56.1% during the 4th 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 lifted its stake in shares of Bridgewater Bancshares by 111.7% during the 3rd 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 lifted its stake in shares of Bridgewater Bancshares by 3.8% during the 3rd quarter. Villanova Investment Management Co LLC now owns 139,254 shares of the company’s stock worth $1,973,000 after purchasing an additional 5,089 shares during the last quarter. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridgewater Bancshares Trading Down 1.6 %

Bridgewater Bancshares stock opened at $13.80 on Friday. The stock has a 50-day moving average of $14.04 and a two-hundred day moving average of $14.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $380.82 million, a PE ratio of 13.40 and a beta of 0.67. Bridgewater Bancshares, Inc. has a one year low of $10.52 and a one year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 earnings per share 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%. On average, research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

BWB has been the subject of a number of research analyst reports. Piper Sandler decreased their price target 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 issued a $18.00 price target on shares of Bridgewater Bancshares in a research note 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.