EJF Capital LLC Has $3.44 Million Stock Holdings in Bridgewater Bancshares, Inc. $BWB

EJF Capital LLC boosted its position in Bridgewater Bancshares, Inc. (NASDAQ:BWB) by 20.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 195,642 shares of the company’s stock after purchasing an additional 32,875 shares during the period. Bridgewater Bancshares comprises 2.0% of EJF Capital LLC’s holdings, making the stock its 13th largest position. EJF Capital LLC owned about 0.71% of Bridgewater Bancshares worth $3,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Bridgewater Bancshares by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock worth $20,326,000 after buying an additional 25,566 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 3.7% during the 2nd quarter. Geode Capital Management LLC now owns 466,941 shares of the company’s stock worth $7,431,000 after acquiring an additional 16,578 shares during the last quarter. American Century Companies Inc. raised its stake in Bridgewater Bancshares by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after acquiring an additional 53,258 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Bridgewater Bancshares by 87.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after acquiring an additional 101,628 shares during the period. Finally, CSM Advisors LLC acquired a new stake in Bridgewater Bancshares during the 2nd quarter valued at $2,973,000. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock opened at $18.28 on Friday. The business has a 50-day moving average price of $18.63 and a two-hundred day moving average price of $17.58. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $20.30. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. The company has a market cap of $504.16 million, a P/E ratio of 12.19 and a beta of 0.65.

Bridgewater Bancshares (NASDAQ:BWB) last announced its earnings results on Tuesday, January 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%.The company had revenue of $38.84 million for the quarter, compared to analyst estimates of $36.10 million. As a group, analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BWB shares. Stephens assumed coverage on shares of Bridgewater Bancshares in a research note on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 target price for the company. Weiss Ratings raised shares of Bridgewater Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Piper Sandler reissued an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Finally, DA Davidson set a $24.00 price objective on Bridgewater Bancshares in a research report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.33.

Insider Transactions at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Jeffrey D. Shellberg sold 21,936 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $17.78, for a total transaction of $390,022.08. Following the transaction, the director directly owned 277,924 shares in the company, valued at approximately $4,941,488.72. This represents a 7.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James S. Johnson sold 4,712 shares of Bridgewater Bancshares stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $19.71, for a total transaction of $92,873.52. Following the completion of the sale, the director owned 95,348 shares of the company’s stock, valued at $1,879,309.08. This represents a 4.71% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 89,982 shares of company stock valued at $1,649,309. 23.27% of the stock is owned by insiders.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.