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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 20,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $18.55, for a total transaction of $371,000.00. Following the completion of the sale, the director owned 25,000 shares of the company’s stock, valued at $463,750. This trade represents a 44.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgewater Bancshares Stock Down 0.5%

Shares of NASDAQ BWB opened at $18.72 on Friday. 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 52 week low of $14.35 and a 52 week high of $20.30. The firm has a 50-day moving average price of $18.14 and a 200 day moving average price of $18.13. The stock has a market capitalization of $521.91 million, a price-to-earnings ratio of 10.58 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data 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 company 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BWB. Piper Sandler restated an “overweight” rating and set a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Finally, DA Davidson restated a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bridgewater Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Bridgewater Bancshares by 14.4% in the first quarter. Bank of America Corp DE now owns 20,759 shares of the company’s stock valued at $367,000 after buying an additional 2,615 shares during the last quarter. Rhino Investment Partners Inc raised its position in shares of Bridgewater Bancshares by 5.5% in the first quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company’s stock valued at $7,619,000 after buying an additional 22,502 shares during the last quarter. Empowered Funds LLC raised its position in shares of Bridgewater Bancshares by 79.8% in the first quarter. Empowered Funds LLC now owns 92,109 shares of the company’s stock valued at $1,630,000 after buying an additional 40,890 shares during the last quarter. Quantinno Capital Management LP raised its position in shares of Bridgewater Bancshares by 27.3% in the first quarter. Quantinno Capital Management LP now owns 47,254 shares of the company’s stock valued at $836,000 after buying an additional 10,122 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Bridgewater Bancshares by 11.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 348,022 shares of the company’s stock valued at $6,160,000 after buying an additional 34,454 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.