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

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

Bridgewater Bancshares Trading Down 0.5%

NASDAQ:BWB opened at $18.72 on Friday. Bridgewater Bancshares, Inc. has a one year low of $14.35 and a one year high of $20.30. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50-day simple moving average is $18.14 and its 200 day simple moving average is $18.13. The firm has a market capitalization of $521.97 million, a P/E ratio of 10.58 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last posted 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 return on equity of 11.06% and a net margin of 17.69%.The business had revenue of $38.96 million for the quarter, compared to the consensus estimate of $36.93 million. As a group, analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Bridgewater Bancshares by 124.3% during the third quarter. JPMorgan Chase & Co. now owns 122,117 shares of the company’s stock valued at $2,149,000 after purchasing an additional 67,676 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Bridgewater Bancshares during the third quarter valued at approximately $2,690,000. Daytona Street Capital LLC purchased a new position in shares of Bridgewater Bancshares during the fourth quarter valued at approximately $1,514,000. Tectonic Advisors LLC purchased a new position in shares of Bridgewater Bancshares during the fourth quarter valued at approximately $1,543,000. Finally, EJF Capital LLC raised its holdings in shares of Bridgewater Bancshares by 20.2% during the third quarter. EJF Capital LLC now owns 195,642 shares of the company’s stock valued at $3,443,000 after purchasing an additional 32,875 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Analysts Set New Price Targets

BWB has been the topic of several analyst reports. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Piper Sandler reiterated an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Bridgewater Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.67.

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.