Jeffrey Shellberg Sells 40,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $21.26, for a total transaction of $850,400.00. Following the completion of the sale, the director owned 66,187 shares in the company, valued at $1,407,135.62. The trade was a 37.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB opened at $21.71 on Wednesday. Bridgewater Bancshares, Inc. has a 12-month low of $15.35 and a 12-month high of $22.59. The company has a market cap of $605.27 million, a PE ratio of 11.80 and a beta of 0.57. The stock has a 50 day simple moving average of $20.73 and a 200-day simple moving average of $19.27. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The firm had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. On average, equities research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Inspire Investing LLC increased its position in shares of Bridgewater Bancshares by 2.1% in the fourth quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock worth $469,000 after acquiring an additional 544 shares in the last quarter. Ieq Capital LLC raised its holdings 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 acquiring an additional 770 shares during the period. Villanova Investment Management Co LLC lifted its position in shares of Bridgewater Bancshares by 0.4% in 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 in the last quarter. LPL Financial LLC lifted 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 acquiring an additional 855 shares in the last quarter. Finally, Maltese Capital Management LLC boosted its stake in Bridgewater Bancshares by 0.6% in the 4th quarter. Maltese Capital Management LLC now owns 176,000 shares of the company’s stock worth $3,085,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BWB. Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. DA Davidson reiterated a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings raised shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $23.67.

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.