BlackRock Amends Bridgewater Bancshares Stake, Passive Investment
Ticker: BWBBP · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1341317
| Field | Detail |
|---|---|
| Company | Bridgewater Bancshares INC (BWBBP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in Bridgewater Bancshares.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Bridgewater Bancshares Inc. common stock as of December 31, 2023. This filing, an amendment number 4, updates BlackRock's passive investment position in Bridgewater Bancshares. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding Bridgewater Bancshares, potentially influencing other investors' perceptions and the stock's price.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant, albeit passive, stake in Bridgewater Bancshares, providing a signal of institutional confidence.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that BlackRock's continued passive ownership suggests a long-term, non-activist interest in Bridgewater Bancshares. This filing doesn't signal an immediate catalyst but confirms institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Bridgewater Bancshares Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- 108621103 (number) — the CUSIP number for Bridgewater Bancshares Inc. Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, indicating a change or update to a previously reported beneficial ownership statement.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a major institutional investment manager based in New York, NY.
What is the subject company whose shares are being reported?
The subject company is Bridgewater Bancshares Inc., a state commercial bank based in St. Louis Park, MN.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which required the filing of this statement was December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which typically applies to institutional investors who acquire beneficial ownership of more than 5% of a class of a company's equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Bridgewater Bancshares Inc (BWBBP).