BlackRock Inc. bought a new position in shares of Bridgewater Bancshares Inc (NASDAQ:BWB) during the 2nd quarter, HoldingsChannel reports. The fund bought 336,616 shares of the company’s stock, valued at approximately $4,283,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $142,000. Carlson Capital Management acquired a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $143,000. Acadian Asset Management LLC acquired a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $148,000. Bank of New York Mellon Corp acquired a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $157,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in Bridgewater Bancshares during the 2nd quarter worth approximately $286,000. 33.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Douglas J. Parish bought 8,000 shares of the stock in a transaction dated Thursday, August 16th. The stock was acquired at an average price of $12.39 per share, for a total transaction of $99,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, October 25th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $17.45 million for the quarter, compared to analyst estimates of $16.90 million. As a group, analysts anticipate that Bridgewater Bancshares Inc will post 0.89 EPS for the current year.
BWB has been the subject of several analyst reports. Zacks Investment Research cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. ValuEngine cut shares of Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, November 1st.
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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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers saving and money market, time, interest and noninterest bearing transaction, and brokered deposits.
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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).
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