Jeffrey Shellberg Sells 40,000 Shares of Bridgewater Bancshares (NASDAQ:BWB) Stock

Posted by Brian Himes on Aug 10th, 2026

Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) Director Jeffrey Shellberg sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $21.26, for a total transaction of $850,400.00. Following the completion of the sale, the director owned 66,187 shares in the company, valued at $1,407,135.62. This represents a 37.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bridgewater Bancshares Stock Performance

Shares of BWB traded down $0.18 during trading hours on Monday, reaching $21.46. 222,883 shares of the company traded hands, compared to its average volume of 119,456. The stock’s fifty day moving average is $20.62 and its 200 day moving average is $19.22. The stock has a market cap of $598.30 million, a P/E ratio of 11.66 and a beta of 0.57. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.05 and a current ratio of 1.05. Bridgewater Bancshares, Inc. has a 1-year low of $15.35 and a 1-year high of $22.59.

Bridgewater Bancshares (NASDAQ:BWB – Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%.The business had revenue of $40.89 million for the quarter, compared to the consensus estimate of $41.43 million. Equities research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in BWB. Bleakley Financial Group LLC bought a new stake in shares of Bridgewater Bancshares during the first quarter worth $1,535,000. Hillsdale Investment Management Inc. grew its holdings in Bridgewater Bancshares by 39.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 212,860 shares of the company’s stock worth $3,731,000 after acquiring an additional 60,000 shares during the last quarter. Empowered Funds LLC increased its position in Bridgewater Bancshares by 79.8% in the 1st quarter. Empowered Funds LLC now owns 92,109 shares of the company’s stock valued at $1,630,000 after acquiring an additional 40,890 shares in the last quarter. Tectonic Advisors LLC acquired a new stake in Bridgewater Bancshares in the 4th quarter valued at about $1,543,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Bridgewater Bancshares by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after acquiring an additional 25,899 shares during the last quarter. 65.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BWB has been the topic of several recent research reports. Stephens raised Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Thursday. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. DA Davidson reaffirmed a “buy” rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price target on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bridgewater Bancshares currently has an average rating of “Moderate Buy” and an average price target of $23.67.

Get Our Latest Stock Analysis on Bridgewater Bancshares

Bridgewater Bancshares Company Profile

(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.