Bridgewater Bancshares EVP Shellberg sells $544k in stock

Published 15/08/2025, 22:32
Bridgewater Bancshares EVP Shellberg sells $544k in stock

Jeffrey D. Shellberg, Executive Vice President and Chief Credit Officer of Bridgewater Bancshares Inc (NASDAQ:BWB), a regional bank with a market capitalization of $432 million, sold 33,960 shares of common stock in two transactions on August 14 and 15, 2025, according to a Form 4 filing with the Securities and Exchange Commission.

The sales totaled $544,339. On August 14, Shellberg sold 32,273 shares at a weighted average price of $16.0303, with prices ranging from $16.00 to $16.13. The following day, August 15, he sold 1,687 shares at a weighted average price of $16.0012, in a range from $16.00 to $16.02. According to InvestingPro data, analysts maintain a strong buy consensus with price targets ranging from $19 to $20, suggesting potential upside from current levels.

The shares sold were held by the Jeffrey D. Shellberg Trust. Following the transactions, Shellberg continues to hold shares of Bridgewater Bancshares Inc directly and through various trusts. The company trades at a P/E ratio of 12.8 and has remained profitable over the last twelve months. InvestingPro subscribers can access detailed valuation metrics and 12 additional expert insights about BWB’s financial health and growth prospects.

In other recent news, Bridgewater Bancshares reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.37, higher than the forecasted $0.34, marking an 8.82% earnings surprise. Revenue for the quarter reached $36.08 million, exceeding the anticipated $33.93 million. In related developments, Ray Dalio has sold his remaining stake in Bridgewater Associates and stepped down from its board, marking the end of his leadership at the hedge-fund firm he founded. Following this transaction, Bridgewater issued new shares to the Brunei Investment Agency. This multibillion-dollar deal granted the Southeast Asian sovereign-wealth fund nearly a 20% stake in the Connecticut-based company. These are the latest developments surrounding Bridgewater and its associated entities.

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