Jeffrey Shellberg Sells 2,512 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 2,512 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $18.50, for a total value of $46,472.00. Following the sale, the director directly owned 62,488 shares of the company’s stock, valued at approximately $1,156,028. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Stock Performance

BWB opened at $18.34 on Friday. The firm has a market cap of $510.22 million, a PE ratio of 10.36 and a beta of 0.58. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The business has a fifty day simple moving average of $18.12 and a 200-day simple moving average of $17.99. Bridgewater Bancshares, Inc. has a fifty-two week low of $14.35 and a fifty-two week high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $38.96 million for the quarter, compared to the consensus estimate of $36.93 million. Bridgewater Bancshares had a return on equity of 11.26% and a net margin of 17.69%. As a group, equities analysts predict that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC raised its position in Bridgewater Bancshares by 2.1% in the 4th quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock worth $469,000 after purchasing an additional 544 shares during the last quarter. Gator Capital Management LLC raised its position in shares of Bridgewater Bancshares by 0.7% during the 3rd quarter. Gator Capital Management LLC now owns 101,005 shares of the company’s stock valued at $1,778,000 after acquiring an additional 680 shares during the last quarter. Villanova Investment Management Co LLC raised its position in shares of Bridgewater Bancshares by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after acquiring an additional 770 shares during the last quarter. Ieq Capital LLC raised its position in shares of Bridgewater Bancshares by 6.2% during the 4th quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock valued at $230,000 after acquiring an additional 770 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Bridgewater Bancshares by 7.8% in the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

BWB has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Weiss Ratings raised Bridgewater Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 19th. Finally, DA Davidson reissued a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.67.

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.