Bridgewater Bancshares (NASDAQ:BWB) Director Jeffrey Shellberg Sells 9,252 Shares

Key Points

• Director Jeffrey Shellberg sold 9,252 shares of Bridgewater Bancshares at an average price of $18.45, a transaction worth about $170,699. After the sale, he still held 53,174 shares, trimming his position by 14.82%.
• Bridgewater Bancshares recently reported mixed quarterly results, with EPS of $0.41 missing the $0.42 consensus estimate, while revenue of $38.96 million came in above expectations. Analysts still expect the company to earn 1.85 EPS for the full fiscal year.
• Wall Street sentiment remains moderately positive, with DA Davidson reiterating a buy rating and Piper Sandler maintaining an overweight rating. The stock has a consensus “Moderate Buy” rating and an average target price of $21.67.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Jeffrey Shellberg sold 9,252 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $18.45, for a total transaction of $170,699.40. Following the completion of the sale, the director directly owned 53,174 shares in the company, valued at $981,060.30. This trade represents a 14.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bridgewater Bancshares Stock Performance

NASDAQ BWB traded up $0.01 on Friday, hitting $18.52. 70,732 shares of the stock traded hands, compared to its average volume of 75,908. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The business's fifty day moving average is $18.10 and its two-hundred day moving average is $18.02. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30. The firm has a market capitalization of $515.30 million, a price-to-earnings ratio of 10.46 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 17.69% and a return on equity of 11.06%. As a group, equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in Bridgewater Bancshares by 181.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company's stock worth $22,567,000 after acquiring an additional 827,141 shares during the period. Vanguard Group Inc. grew its position in shares of Bridgewater Bancshares by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company's stock valued at $20,326,000 after purchasing an additional 25,566 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Bridgewater Bancshares by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company's stock valued at $18,735,000 after purchasing an additional 25,899 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 496,116 shares of the company's stock worth $8,699,000 after purchasing an additional 15,192 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Bridgewater Bancshares by 1.2% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 438,960 shares of the company's stock worth $7,695,000 after purchasing an additional 5,000 shares during the period. Hedge funds and other institutional investors own 65.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BWB. DA Davidson reiterated a "buy" rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Piper Sandler reaffirmed an "overweight" rating and issued a $23.00 price objective (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Bridgewater Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Bridgewater Bancshares has a consensus rating of "Moderate Buy" and an average target price 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.

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