EJF Capital LLC Acquires 18,356 Shares of Bridgewater Bancshares, Inc. $BWB

Key Points

• EJF Capital LLC increased its stake in Bridgewater Bancshares by 9.8%, acquiring an additional 18,356 shares, bringing its total shares to 206,107.
• Bridgewater Bancshares reported a quarterly EPS of $0.37, surpassing expectations, with revenue of $35.61 million compared to the consensus estimate of $32.03 million.
• Analysts have set a target price of $20.00 for Bridgewater Bancshares, indicating a favorable outlook with two analysts rating the stock as a "Buy."

EJF Capital LLC increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ:BWB - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,107 shares of the company's stock after acquiring an additional 18,356 shares during the period. Bridgewater Bancshares comprises about 1.8% of EJF Capital LLC's investment portfolio, making the stock its 24th biggest position. EJF Capital LLC owned 0.75% of Bridgewater Bancshares worth $2,863,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BWB. Wells Fargo & Company MN boosted its position in shares of Bridgewater Bancshares by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the company's stock valued at $158,000 after acquiring an additional 2,540 shares in the last quarter. Barclays PLC boosted its position in shares of Bridgewater Bancshares by 16.9% during the 4th quarter. Barclays PLC now owns 30,378 shares of the company's stock valued at $411,000 after acquiring an additional 4,381 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bridgewater Bancshares by 4.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company's stock valued at $11,859,000 after acquiring an additional 40,683 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Bridgewater Bancshares by 266.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock valued at $45,000 after acquiring an additional 2,441 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Bridgewater Bancshares by 4.0% during the 4th quarter. Northern Trust Corp now owns 176,745 shares of the company's stock valued at $2,388,000 after acquiring an additional 6,744 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bridgewater Bancshares

In other news, EVP Jeffrey D. Shellberg sold 32,273 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $16.03, for a total transaction of $517,336.19. Following the transaction, the executive vice president directly owned 325,117 shares in the company, valued at approximately $5,211,625.51. This represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mary Jayne Crocker sold 9,314 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $16.05, for a total transaction of $149,489.70. Following the transaction, the executive vice president owned 192,339 shares in the company, valued at $3,087,040.95. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,298 shares of company stock valued at $1,508,238 in the last three months. 23.27% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BWB has been the topic of several recent research reports. DA Davidson lifted their target price on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Piper Sandler boosted their price target on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $20.00.

Bridgewater Bancshares Price Performance

NASDAQ:BWB traded up $0.38 on Monday, reaching $16.47. The stock had a trading volume of 55,042 shares, compared to its average volume of 70,144. The company has a market capitalization of $452.60 million, a P/E ratio of 13.50 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $17.66. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average price of $16.13 and a 200-day moving average price of $15.00.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. The company had revenue of $35.61 million for the quarter, compared to analyst estimates of $32.03 million. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS 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.