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

Basswood Capital Management L.L.C. acquired a new stake in Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Picton Mahoney Asset Management acquired a new stake in Bridgewater Bancshares during the 4th quarter worth approximately $28,000. Tower Research Capital LLC TRC lifted its position in Bridgewater Bancshares by 266.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock worth $45,000 after buying an additional 2,441 shares during the period. SG Americas Securities LLC raised its position in shares of Bridgewater Bancshares by 17.6% in the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock worth $112,000 after buying an additional 1,248 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Bridgewater Bancshares in the 4th quarter valued at $157,000. Finally, Wells Fargo & Company MN grew its stake in shares of Bridgewater Bancshares by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 11,667 shares of the company's stock valued at $158,000 after buying an additional 2,540 shares in the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.

Bridgewater Bancshares Stock Down 0.8 %

BWB stock traded down $0.13 during mid-day trading on Friday, hitting $15.56. 49,705 shares of the company were exchanged, compared to its average volume of 61,597. The company has a market capitalization of $429.39 million, a PE ratio of 15.11 and a beta of 0.55. The firm has a fifty day simple moving average of $13.84 and a 200 day simple moving average of $14.18. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares, Inc. has a twelve month low of $10.52 and a twelve month high of $16.00.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. DA Davidson reaffirmed a "buy" rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research note on Thursday, January 30th. Piper Sandler restated 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 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.