Bridgewater Bancshares (NASDAQ:BWB) Director Sells $185,839.82 in Stock

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 stock was sold at an average price of $18.89, for a total value of $185,839.82. Following the sale, the director owned 266,187 shares of the company’s stock, valued at $5,028,272.43. The trade was a 3.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bridgewater Bancshares Stock Up 0.9%

Shares of NASDAQ BWB traded up $0.17 during mid-day trading on Friday, reaching $19.97. The company had a trading volume of 126,848 shares, compared to its average volume of 95,482. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $550.87 million, a price-to-earnings ratio of 13.31 and a beta of 0.65. The stock has a fifty day moving average of $18.31 and a two-hundred day moving average of $17.19. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 11.07%. The firm had revenue of $38.84 million for the quarter, compared to analyst estimates of $36.10 million. As a group, equities research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings 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 last quarter. CWM LLC boosted its holdings in shares of Bridgewater Bancshares by 182.1% during the 2nd quarter. CWM LLC now owns 2,463 shares of the company’s stock worth $39,000 after buying an additional 1,590 shares during the period. State of Alaska Department of Revenue grew its stake in Bridgewater Bancshares by 253.6% in the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock valued at $67,000 after buying an additional 2,762 shares during the last quarter. Palouse Capital Management Inc. acquired a new position in Bridgewater Bancshares in the 3rd quarter valued at $113,000. Finally, AQR Capital Management LLC bought a new position in Bridgewater Bancshares in the 1st quarter worth $178,000. 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.