Jeffrey Shellberg Sells 20,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $18.55, for a total transaction of $371,000.00. Following the sale, the director directly owned 25,000 shares in the company, valued at approximately $463,750. The trade was a 44.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgewater Bancshares Stock Down 0.5%

Bridgewater Bancshares stock traded down $0.09 during mid-day trading on Friday, reaching $18.72. 51,371 shares of the company’s stock were exchanged, compared to its average volume of 74,954. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.96. Bridgewater Bancshares, Inc. has a twelve month low of $14.35 and a twelve month high of $20.30. The company has a market cap of $521.91 million, a P/E ratio of 10.58 and a beta of 0.58. The company has a fifty day moving average of $18.11 and a 200-day moving average of $18.12.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly 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 return on equity of 11.06% and a net margin of 17.69%.The business had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. Sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler reissued an “overweight” rating and set a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. DA Davidson reiterated a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Finally, Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Bridgewater Bancshares has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of BWB. AQR Capital Management LLC purchased a new stake in shares of Bridgewater Bancshares during the 1st quarter worth $178,000. Empowered Funds LLC increased its holdings in Bridgewater Bancshares by 10.1% in the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock valued at $266,000 after buying an additional 1,752 shares during the last quarter. Jane Street Group LLC acquired a new stake in Bridgewater Bancshares in the first quarter valued at $357,000. Rhumbline Advisers raised its stake in Bridgewater Bancshares by 21.3% in the second quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock valued at $563,000 after buying an additional 6,230 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Bridgewater Bancshares by 87.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock worth $3,461,000 after buying an additional 101,628 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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.