Bridgewater Bancshares (NASDAQ:BWB) EVP Jeffrey D. Shellberg Sells 1,687 Shares

Key Points

• EVP Sale: Bridgewater Bancshares EVP Jeffrey D. Shellberg sold 1,687 shares for $26,992, reducing his stake by 0.52%, but he still owns 323,430 shares valued at approximately $5.17 million.
• Stock Performance: The company's stock traded down 1.3% to $15.75, with a market cap of $432.81 million and significant trading activity of 107,213 shares.
• Positive Earnings Report: Bridgewater Bancshares reported earnings of $0.37 per share, exceeding analysts' expectations, with quarterly revenue of $35.61 million, up from estimates of $32.03 million.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) EVP Jeffrey D. Shellberg sold 1,687 shares of Bridgewater Bancshares stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $16.00, for a total transaction of $26,992.00. Following the completion of the sale, the executive vice president directly owned 323,430 shares of the company's stock, valued at $5,174,880. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Bridgewater Bancshares Trading Up 0.7%

BWB stock traded up $0.11 during midday trading on Wednesday, hitting $15.90. The stock had a trading volume of 28,913 shares, compared to its average volume of 58,087. The firm has a market cap of $436.93 million, a PE ratio of 13.03 and a beta of 0.58. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.02 and a quick ratio of 1.02. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $17.66. The company's 50-day moving average price is $15.91 and its 200 day moving average price is $14.87.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $35.61 million for the quarter, compared to analyst estimates of $32.03 million. Bridgewater Bancshares had a net margin of 14.03% and a return on equity of 9.73%. On average, equities research analysts predict that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in BWB. Fourthstone LLC acquired a new position in shares of Bridgewater Bancshares during the 4th quarter valued at $2,856,000. Basswood Capital Management L.L.C. acquired a new position in Bridgewater Bancshares in the 4th quarter worth $2,749,000. CSM Advisors LLC acquired a new position in Bridgewater Bancshares in the 2nd quarter worth $2,973,000. Curi Capital LLC acquired a new position in Bridgewater Bancshares in the 2nd quarter worth $2,029,000. Finally, Mendon Capital Advisors Corp acquired a new position in Bridgewater Bancshares in the 2nd quarter worth $2,029,000. Institutional investors and hedge funds own 65.83% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BWB. Piper Sandler lifted their price target on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the company an "overweight" rating in a report on Monday, July 28th. DA Davidson lifted their price target on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Bridgewater Bancshares has a consensus rating of "Buy" and an average price target of $20.00.

Bridgewater Bancshares Company Profile

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.