Bridgewater Bancshares (NASDAQ:BWB) Director Mary Jayne Crocker Sells 6,525 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Mary Jayne Crocker sold 6,525 shares of Bridgewater Bancshares stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $18.50, for a total value of $120,712.50. Following the completion of the transaction, the director directly owned 209,502 shares in the company, valued at $3,875,787. This represents a 3.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Mary Jayne Crocker also recently made the following trade(s):

• On Monday, May 11th, Mary Jayne Crocker purchased 205 shares of Bridgewater Bancshares stock. The stock was bought at an average cost of $20.00 per share, for a total transaction of $4,100.00.

Bridgewater Bancshares Trading Down 0.5%

Shares of BWB opened at $18.72 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. Bridgewater Bancshares, Inc. has a 1-year low of $14.35 and a 1-year high of $20.30. The business’s 50-day moving average price is $18.14 and its 200 day moving average price is $18.13. The stock has a market capitalization of $521.91 million, a P/E ratio of 10.58 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bridgewater Bancshares had a net margin of 17.69% and a return on equity of 11.06%. The business had revenue of $38.96 million for the quarter, compared to analysts’ expectations of $36.93 million. Analysts expect that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $22.00 target price on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 target price (up from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday, January 29th. Finally, Weiss Ratings raised Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Bridgewater Bancshares has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. lifted its holdings in shares of Bridgewater Bancshares by 181.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after buying an additional 827,141 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Bridgewater Bancshares by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after buying an additional 25,566 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bridgewater Bancshares by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock valued at $18,735,000 after buying an additional 25,899 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Bridgewater Bancshares by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after buying an additional 15,192 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. lifted its holdings in shares of Bridgewater Bancshares by 1.2% during the 4th quarter. Punch & Associates Investment Management Inc. now owns 438,960 shares of the company’s stock valued at $7,695,000 after buying an additional 5,000 shares during the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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.