Bridgewater Bancshares (NASDAQ:BWB) Director Sells $850,400.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 40,000 shares of the 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 sale, the director directly owned 66,187 shares of the company’s stock, valued at approximately $1,407,135.62. This trade represents a 37.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bridgewater Bancshares Price Performance

BWB stock opened at $22.01 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average price is $20.81 and its 200-day moving average price is $19.29. Bridgewater Bancshares, Inc. has a one year low of $15.35 and a one year high of $22.59. The company has a market capitalization of $613.64 million, a PE ratio of 11.96 and a beta of 0.57.

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BWB. 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. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. Piper Sandler upped their price objective on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Finally, Stephens upgraded Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.67.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares in the second quarter worth about $32,000. BNP Paribas Financial Markets raised its position in Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after purchasing an additional 1,046 shares during the period. State of Alaska Department of Revenue raised its position in 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 purchasing an additional 2,762 shares during the period. LPL Financial LLC lifted its stake 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 purchasing an additional 855 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 purchasing an additional 1,535 shares during the period. Institutional investors own 65.83% of the company’s stock.

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.