Bridgewater Bancshares (NASDAQ:BWB) Director Jeffrey Shellberg Sells 9,252 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 9,252 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $18.45, for a total transaction of $170,699.40. Following the completion of the sale, the director owned 53,174 shares of the company’s stock, valued at $981,060.30. The trade was a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $18.52 on Friday. The firm’s 50-day moving average price is $18.10 and its 200-day moving average price is $18.02. Bridgewater Bancshares, Inc. has a 1-year low of $14.35 and a 1-year high of $20.30. The firm has a market capitalization of $515.23 million, a P/E ratio of 10.46 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The firm had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Several large investors have recently added to or reduced their stakes in BWB. Inspire Investing LLC boosted its stake in Bridgewater Bancshares by 2.1% during the 4th quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock valued at $469,000 after purchasing an additional 544 shares during the last quarter. Gator Capital Management LLC lifted its holdings in shares of Bridgewater Bancshares by 0.7% in the third quarter. Gator Capital Management LLC now owns 101,005 shares of the company’s stock valued at $1,778,000 after purchasing an additional 680 shares in the last quarter. Villanova Investment Management Co LLC lifted its holdings in shares of Bridgewater Bancshares by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after purchasing an additional 770 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Bridgewater Bancshares by 6.2% during the fourth quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock valued at $230,000 after buying an additional 770 shares during the last quarter. Finally, LPL Financial LLC boosted its position in shares of Bridgewater Bancshares by 7.8% during the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock valued at $206,000 after buying an additional 855 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Piper Sandler reiterated 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 reissued a “buy” rating and issued a $22.00 price target 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 given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

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.