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 company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $18.89, for a total transaction of $185,839.82. Following the transaction, the director owned 266,187 shares in the company, 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 filing with the SEC, which is available through this link.

Bridgewater Bancshares Stock Performance

Shares of Bridgewater Bancshares stock opened at $19.97 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $18.36 and a 200 day simple moving average of $17.21. Bridgewater Bancshares, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $20.30. The firm has a market cap of $550.77 million, a P/E ratio of 13.31 and a beta of 0.65.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in BWB. Connor Clark & Lunn Investment Management Ltd. increased its stake in Bridgewater Bancshares by 25.5% during the 2nd 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 boosted its holdings in shares of Bridgewater Bancshares by 163.9% in the second quarter. Villanova Investment Management Co LLC now owns 152,710 shares of the company’s stock valued at $2,430,000 after buying an additional 94,841 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Bridgewater Bancshares during the second quarter worth $2,015,000. American Century Companies Inc. raised its holdings in shares of Bridgewater Bancshares by 13.8% during the second quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock worth $6,989,000 after acquiring an additional 53,258 shares during the period. Finally, Kennedy Capital Management LLC lifted 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 acquiring an additional 69,797 shares in the last quarter. 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.