Basswood Capital Management L.L.C. Makes New $2.75 Million Investment in Bridgewater Bancshares, Inc. (NASDAQ:BWB)

Basswood Capital Management L.L.C. acquired a new position in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 203,464 shares of the company's stock, valued at approximately $2,749,000. Basswood Capital Management L.L.C. owned about 0.74% of Bridgewater Bancshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in BWB. Empowered Funds LLC raised its stake in shares of Bridgewater Bancshares by 5.4% in the fourth quarter. Empowered Funds LLC now owns 17,418 shares of the company's stock valued at $235,000 after buying an additional 895 shares during the period. SG Americas Securities LLC lifted its holdings in Bridgewater Bancshares by 17.6% during the fourth 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 last quarter. Picton Mahoney Asset Management purchased a new stake in Bridgewater Bancshares during the fourth quarter valued at about $28,000. Jane Street Group LLC boosted its position in Bridgewater Bancshares by 11.4% during the third quarter. Jane Street Group LLC now owns 23,696 shares of the company's stock worth $336,000 after purchasing an additional 2,422 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Bridgewater Bancshares by 266.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock worth $45,000 after purchasing an additional 2,441 shares in the last quarter. Institutional investors own 65.83% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on BWB. DA Davidson restated a "buy" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research note on Thursday, January 30th. Piper Sandler reaffirmed an "overweight" rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Friday, April 25th.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock traded down $0.03 during midday trading on Wednesday, hitting $15.61. 41,780 shares of the company's stock were exchanged, compared to its average volume of 61,515. The company has a market cap of $430.69 million, a P/E ratio of 15.15 and a beta of 0.55. 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 50-day moving average price of $13.79 and a two-hundred day moving average price of $14.16. Bridgewater Bancshares, Inc. has a 52-week low of $10.52 and a 52-week high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. The company had revenue of $32.29 million for the quarter, compared to analysts' expectations of $29.88 million. On average, equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current 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, 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.