Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $371,000.00 in Stock

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

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock opened at $18.72 on Monday. The stock has a 50 day moving average of $18.14 and a 200 day moving average of $18.14. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30. The firm has a market cap of $521.91 million, a PE ratio of 10.58 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 (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). The firm had revenue of $38.96 million during the quarter, compared to the consensus estimate of $36.93 million. Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%. On average, research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in Bridgewater Bancshares during the 1st quarter valued at $178,000. Empowered Funds LLC boosted its stake in Bridgewater Bancshares by 10.1% during the first quarter. Empowered Funds LLC now owns 19,170 shares of the company’s stock worth $266,000 after buying an additional 1,752 shares during the period. Jane Street Group LLC purchased a new position in Bridgewater Bancshares during the first quarter worth $357,000. Rhumbline Advisers increased its position in Bridgewater Bancshares by 21.3% during the second quarter. Rhumbline Advisers now owns 35,416 shares of the company’s stock valued at $563,000 after acquiring an additional 6,230 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Bridgewater Bancshares by 87.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 217,530 shares of the company’s stock valued at $3,461,000 after acquiring an additional 101,628 shares during the last quarter. Institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. DA Davidson reaffirmed a “buy” rating and set a $22.00 price target on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.