Bridgewater Bancshares (NASDAQ:BWB) EVP Jeffrey D. Shellberg Sells 32,273 Shares

Key Points

• Jeffrey D. Shellberg, EVP of Bridgewater Bancshares, sold 32,273 shares of company stock at an average price of $16.03, reducing his ownership by 9.03%.
• Bridgewater Bancshares reported earnings of $0.37 per share for the last quarter, surpassing the consensus estimate of $0.35.
• Institutional ownership of Bridgewater Bancshares stands at 65.83%, with several hedge funds significantly increasing their stakes in recent months.

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) EVP Jeffrey D. Shellberg sold 32,273 shares of Bridgewater Bancshares stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $16.03, for a total transaction of $517,336.19. Following the completion of the sale, the executive vice president directly owned 325,117 shares in the company, valued at $5,211,625.51. This trade represents a 9.03% 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 $0.11 during trading hours on Wednesday, reaching $15.90. The stock had a trading volume of 28,913 shares, compared to its average volume of 58,087. The stock has a market cap of $436.93 million, a P/E ratio of 13.03 and a beta of 0.58. The stock has a 50 day simple moving average of $15.91 and a 200 day simple moving average of $14.87. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.02 and a current ratio of 1.02. 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 issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.02. The firm had revenue of $35.61 million for the quarter, compared to analysts' expectations of $32.03 million. Bridgewater Bancshares had a return on equity of 9.73% and a net margin of 14.03%. On average, research analysts forecast that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on BWB shares. Piper Sandler increased 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. DA Davidson raised their price objective 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. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Bridgewater Bancshares currently has a consensus rating of "Buy" and a consensus price target of $20.00.

Institutional Investors Weigh In On Bridgewater Bancshares

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

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.