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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 8,174 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $18.45, for a total value of $150,810.30. Following the sale, the director directly owned 45,000 shares of the company’s stock, valued at $830,250. The trade was a 15.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Stock Performance

Shares of BWB opened at $18.52 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. 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 stock has a 50 day moving average of $18.10 and a 200 day moving average of $18.02. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results 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). Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%.The firm had revenue of $38.96 million during the quarter, compared to analysts’ expectations of $36.93 million. As a group, sell-side analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BWB shares. Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. Piper Sandler reissued an “overweight” rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Finally, DA Davidson reissued a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.67.

Institutional Trading of Bridgewater Bancshares

A number of large investors have recently bought and sold shares of BWB. JPMorgan Chase & Co. grew its position in shares of Bridgewater Bancshares by 124.3% in 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 in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Bridgewater Bancshares in the third quarter valued at $2,690,000. Daytona Street Capital LLC purchased a new position in shares of Bridgewater Bancshares in the fourth quarter valued at $1,514,000. Tectonic Advisors LLC purchased a new position in shares of Bridgewater Bancshares in the fourth quarter valued at $1,543,000. Finally, EJF Capital LLC grew its position in shares of Bridgewater Bancshares by 20.2% in 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 in the last quarter. 65.83% of the stock is owned by hedge funds and other 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.