Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $185,839.82 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Jeffrey Shellberg sold 9,838 shares of Bridgewater Bancshares stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $18.89, for a total transaction of $185,839.82. Following the completion of the sale, the director owned 266,187 shares of the company’s stock, valued at $5,028,272.43. This trade represents a 3.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock opened at $19.97 on Monday. The stock’s fifty day moving average price is $18.36 and its two-hundred day moving average price is $17.23. The firm has a market cap of $550.87 million, a PE ratio of 13.31 and a beta of 0.65. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.01 and a quick ratio of 1.01. Bridgewater Bancshares, Inc. has a one year low of $11.93 and a one year high of $20.30.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%.The company had revenue of $38.84 million for the quarter, compared to analyst estimates of $36.10 million. As a group, research analysts expect that Bridgewater Bancshares, Inc. will post 1.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BWB has been the topic of several research reports. Stephens assumed coverage on shares of Bridgewater Bancshares in a report on Wednesday, December 10th. They set an “equal weight” rating and a $20.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, January 21st. DA Davidson set a $24.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Bridgewater Bancshares presently has a consensus rating of “Hold” and a consensus price target of $22.33.

Hedge Funds Weigh In On Bridgewater Bancshares

Hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. raised its position in Bridgewater Bancshares by 25.5% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,220 shares of the company’s stock worth $974,000 after acquiring an additional 12,439 shares during the period. Villanova Investment Management Co LLC grew its stake in Bridgewater Bancshares by 163.9% in the 2nd quarter. Villanova Investment Management Co LLC now owns 152,710 shares of the company’s stock valued at $2,430,000 after buying an additional 94,841 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Bridgewater Bancshares in the second quarter valued at $2,015,000. American Century Companies Inc. grew its holdings in Bridgewater Bancshares by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after buying an additional 53,258 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in Bridgewater Bancshares by 77.2% during the second quarter. Kennedy Capital Management LLC now owns 160,240 shares of the company’s stock valued at $2,549,000 after acquiring an additional 69,797 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.