Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Jeffrey Shellberg sold 2,512 shares of the business's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $18.50, for a total transaction of $46,472.00. Following the completion of the sale, the director directly owned 62,488 shares of the company's stock, valued at $1,156,028. This represents a 3.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Bridgewater Bancshares Stock Performance
BWB stock opened at $18.34 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $510.22 million, a price-to-earnings ratio of 10.36 and a beta of 0.58. Bridgewater Bancshares, Inc. has a 12 month low of $14.35 and a 12 month high of $20.30. The firm has a 50 day moving average of $18.12 and a two-hundred day moving average of $17.98.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). The business had revenue of $38.96 million during the quarter, compared to the consensus estimate of $36.93 million. Bridgewater Bancshares had a return on equity of 11.26% and a net margin of 17.69%. As a group, equities analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.
Institutional Trading of Bridgewater Bancshares
A number of institutional investors and hedge funds have recently modified their holdings of the company. Hodges Capital Management Inc. lifted its stake in shares of Bridgewater Bancshares by 6.2% in the first quarter. Hodges Capital Management Inc. now owns 233,890 shares of the company's stock worth $4,140,000 after buying an additional 13,600 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Bridgewater Bancshares by 8.0% in the first quarter. Inspire Investing LLC now owns 28,882 shares of the company's stock worth $511,000 after buying an additional 2,134 shares during the last quarter. Villanova Investment Management Co LLC lifted its stake in shares of Bridgewater Bancshares by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company's stock worth $3,286,000 after buying an additional 770 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Bridgewater Bancshares by 123.3% in the fourth quarter. Empowered Funds LLC now owns 51,219 shares of the company's stock worth $898,000 after buying an additional 28,278 shares during the last quarter. Finally, Polymer Capital Management US LLC acquired a new stake in shares of Bridgewater Bancshares in the fourth quarter worth $226,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have commented on BWB shares. Piper Sandler reissued an "overweight" rating and issued a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Weiss Ratings raised shares of Bridgewater Bancshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, March 19th. Finally, DA Davidson reissued a "buy" rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $21.67.
Read Our Latest Report on BWB
About Bridgewater Bancshares
(
Get Free Report)
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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