Bridgewater Bancshares (NASDAQ:BWB) Director Jeffrey Shellberg Sells 9,838 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 9,838 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $18.89, for a total value of $185,839.82. Following the completion of the sale, the director directly owned 266,187 shares in the company, valued at approximately $5,028,272.43. This represents a 3.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB traded up $0.17 during trading hours on Friday, hitting $19.97. 126,848 shares of the company’s stock were exchanged, compared to its average volume of 95,482. The company’s 50-day moving average price is $18.31 and its 200-day moving average price is $17.19. Bridgewater Bancshares, Inc. has a 1-year low of $11.93 and a 1-year high of $20.30. The stock has a market capitalization of $550.87 million, a price-to-earnings ratio of 13.31 and a beta of 0.65. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%.The company had revenue of $38.84 million for the quarter, compared to the consensus estimate of $36.10 million. On average, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BWB has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and issued a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Stephens began coverage on shares of Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 target price for the company. DA Davidson set a $24.00 price target on Bridgewater Bancshares in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $22.33.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Bridgewater Bancshares by 25.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,220 shares of the company’s stock worth $974,000 after purchasing an additional 12,439 shares in the last quarter. Villanova Investment Management Co LLC raised its position in Bridgewater Bancshares by 163.9% in the 2nd quarter. Villanova Investment Management Co LLC now owns 152,710 shares of the company’s stock worth $2,430,000 after purchasing an additional 94,841 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Bridgewater Bancshares during the 2nd quarter worth $2,015,000. American Century Companies Inc. boosted its position in Bridgewater Bancshares by 13.8% in the 2nd quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after buying an additional 53,258 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in Bridgewater Bancshares by 77.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 160,240 shares of the company’s stock valued at $2,549,000 after buying an additional 69,797 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.