Bridgewater Bancshares (NASDAQ:BWB) Director Sells $390,022.08 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 21,936 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $17.78, for a total transaction of $390,022.08. Following the completion of the transaction, the director owned 277,924 shares in the company, valued at $4,941,488.72. This represents a 7.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bridgewater Bancshares Trading Up 0.3%

Shares of NASDAQ BWB traded up $0.05 during trading hours on Tuesday, reaching $17.87. The stock had a trading volume of 130,676 shares, compared to its average volume of 82,801. Bridgewater Bancshares, Inc. has a 52-week low of $11.93 and a 52-week high of $18.16. The firm has a market cap of $492.85 million, a price-to-earnings ratio of 13.44 and a beta of 0.65. The business’s fifty day moving average price is $17.07 and its two-hundred day moving average price is $16.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. The firm had revenue of $26.75 million during the quarter. Bridgewater Bancshares had a return on equity of 10.27% and a net margin of 14.52%. Analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BWB. DA Davidson reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its stake in Bridgewater Bancshares by 78.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after acquiring an additional 1,046 shares during the period. CWM LLC grew its position in shares of Bridgewater Bancshares by 182.1% in the second quarter. CWM LLC now owns 2,463 shares of the company’s stock valued at $39,000 after purchasing an additional 1,590 shares during the period. Palouse Capital Management Inc. acquired a new stake in shares of Bridgewater Bancshares in the third quarter valued at about $113,000. AQR Capital Management LLC purchased a new stake in shares of Bridgewater Bancshares during the first quarter worth about $178,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Bridgewater Bancshares during the 3rd quarter worth about $232,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.