Jeffrey Shellberg Sells 160,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 160,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $21.04, for a total value of $3,366,400.00. Following the transaction, the director owned 106,187 shares in the company, valued at $2,234,174.48. This trade represents a 60.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bridgewater Bancshares Stock Up 0.5%

Shares of NASDAQ:BWB traded up $0.11 during trading on Wednesday, hitting $21.07. The stock had a trading volume of 302,931 shares, compared to its average volume of 117,589. The company has a market capitalization of $587.43 million, a PE ratio of 11.45 and a beta of 0.57. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The firm’s fifty day moving average is $20.48 and its 200 day moving average is $19.16. Bridgewater Bancshares, Inc. has a 12 month low of $15.15 and a 12 month high of $22.59.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $40.89 million during the quarter, compared to the consensus estimate of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. Analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings 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 in the last quarter. State of Alaska Department of Revenue boosted its position in shares of 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 buying an additional 2,762 shares during the last quarter. 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. Price T Rowe Associates Inc. MD increased its holdings in Bridgewater Bancshares by 14.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock worth $218,000 after buying an additional 1,535 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in Bridgewater Bancshares in the 1st quarter worth about $178,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BWB. DA Davidson reissued a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Piper Sandler raised their target price 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. Finally, Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, June 18th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Bridgewater Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

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.