Jeffrey Shellberg Sells 9,838 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 9,838 shares of Bridgewater Bancshares stock in a transaction on Friday, February 6th. The shares were sold at an average price of $18.89, for a total value of $185,839.82. Following the completion of the transaction, the director directly owned 266,187 shares of the company’s stock, valued at $5,028,272.43. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Bridgewater Bancshares Price Performance

BWB stock opened at $19.97 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market cap of $550.77 million, a P/E ratio of 13.31 and a beta of 0.65. The company’s 50-day moving average price is $18.36 and its two-hundred day moving average price is $17.22. Bridgewater Bancshares, Inc. has a 12 month low of $11.93 and a 12 month high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data 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 net margin of 15.74% and a return on equity of 11.07%. The business had revenue of $38.84 million during the quarter, compared to the consensus estimate of $36.10 million. On average, analysts anticipate that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of Bridgewater Bancshares by 78.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after purchasing an additional 1,046 shares during the period. CWM LLC lifted its holdings in 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 buying an additional 1,590 shares during the period. State of Alaska Department of Revenue boosted its position in Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after acquiring an additional 2,762 shares during the last quarter. Palouse Capital Management Inc. acquired a new stake in Bridgewater Bancshares during the 3rd quarter worth about $113,000. Finally, AQR Capital Management LLC acquired a new stake in Bridgewater Bancshares during the first quarter worth approximately $178,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. DA Davidson set a $24.00 price target on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 target price (up previously from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Bridgewater Bancshares in a research note on Wednesday, January 21st. Finally, Stephens started coverage on Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Bridgewater Bancshares presently has a consensus rating of “Hold” and an average price target of $22.33.

Bridgewater Bancshares Company Profile

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.