Bridgewater Bancshares, Inc. (NASDAQ:BWB) EVP Sells $26,992.00 in Stock

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 the company's stock in a transaction 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 transaction, the executive vice president directly owned 323,430 shares in the company, valued at approximately $5,174,880. The trade was a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Bridgewater Bancshares Trading Down 1.3%

NASDAQ BWB traded down $0.21 during trading on Friday, hitting $15.75. 107,213 shares of the company's stock traded hands, compared to its average volume of 73,016. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a fifty day moving average of $15.86 and a two-hundred day moving average of $14.81. The firm has a market cap of $432.81 million, a P/E ratio of 12.91 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 12-month low of $11.93 and a 12-month high of $17.66.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.02. The company had revenue of $35.61 million during 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%. As a group, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors have recently bought and sold shares of BWB. BNP Paribas Financial Markets increased its stake in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company's stock valued at $38,000 after purchasing an additional 1,046 shares in the last quarter. CWM LLC increased its position in shares of Bridgewater Bancshares by 182.1% during the second quarter. CWM LLC now owns 2,463 shares of the company's stock valued at $39,000 after acquiring an additional 1,590 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Bridgewater Bancshares by 266.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock valued at $45,000 after acquiring an additional 2,441 shares in the last quarter. Wells Fargo & Company MN grew its position in Bridgewater Bancshares by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 11,667 shares of the company's stock worth $158,000 after purchasing an additional 2,540 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $171,000. 65.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. DA Davidson upped their price target on shares of Bridgewater Bancshares from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Piper Sandler upped their target price on shares of Bridgewater Bancshares from $19.00 to $20.00 and gave the stock an "overweight" rating in a research report on Monday, July 28th.

About Bridgewater Bancshares

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.

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