Bridgewater Bancshares (NASDAQ:BWB) Director Jeffrey Shellberg Sells 8,174 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 8,174 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $18.45, for a total value of $150,810.30. Following the sale, the director owned 45,000 shares of the company’s stock, valued at approximately $830,250. This represents a 15.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $18.52 on Friday. The company has a market capitalization of $515.23 million, a price-to-earnings ratio of 10.46 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30. The stock’s 50 day moving average is $18.10 and its 200-day moving average is $18.02.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $38.96 million for the quarter, compared to analyst estimates of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. Equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BWB. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. DA Davidson restated a “buy” rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.67.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BWB. Alliancebernstein L.P. raised its position in Bridgewater Bancshares by 181.8% during the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after purchasing an additional 827,141 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in Bridgewater Bancshares in the fourth quarter valued at about $3,862,000. Ancora Advisors LLC bought a new position in Bridgewater Bancshares in the third quarter valued at about $3,426,000. Hillsdale Investment Management Inc. bought a new position in Bridgewater Bancshares in the third quarter valued at about $2,690,000. Finally, Curi Capital LLC acquired a new position in Bridgewater Bancshares during the second quarter worth about $2,029,000. 65.83% of the stock is owned by institutional investors.

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.