Bridgewater Bancshares (NASDAQ:BWB) Director Mary Jayne Crocker Sells 11,000 Shares

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Mary Jayne Crocker sold 11,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $21.04, for a total transaction of $231,440.00. Following the completion of the transaction, the director owned 224,384 shares of the company’s stock, valued at $4,721,039.36. This represents a 4.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, July 30th, Mary Jayne Crocker sold 11 shares of Bridgewater Bancshares stock. The shares were sold at an average price of $21.21, for a total value of $233.31.
• On Thursday, May 21st, Mary Jayne Crocker sold 6,525 shares of Bridgewater Bancshares stock. The shares were sold at an average price of $18.50, for a total value of $120,712.50.
• On Monday, May 11th, Mary Jayne Crocker bought 205 shares of Bridgewater Bancshares stock. The stock was purchased at an average cost of $20.00 per share, with a total value of $4,100.00.

Bridgewater Bancshares Trading Up 0.5%

NASDAQ:BWB opened at $21.07 on Thursday. The stock’s 50 day moving average price is $20.52 and its 200 day moving average price is $19.18. The company has a market capitalization of $587.49 million, a PE ratio of 11.45 and a beta of 0.57. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. Bridgewater Bancshares, Inc. has a 52-week low of $15.15 and a 52-week high of $22.59.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The company had revenue of $40.89 million for the quarter, compared to analyst estimates of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. On average, research analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC grew its holdings in Bridgewater Bancshares by 2.1% during the fourth quarter. Inspire Investing LLC now owns 26,748 shares of the company’s stock worth $469,000 after acquiring an additional 544 shares during the period. Ieq Capital LLC lifted its holdings in Bridgewater Bancshares by 6.2% in the fourth quarter. Ieq Capital LLC now owns 13,105 shares of the company’s stock valued at $230,000 after acquiring an additional 770 shares during the period. Villanova Investment Management Co LLC lifted its holdings in Bridgewater Bancshares by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company’s stock valued at $3,286,000 after acquiring an additional 770 shares during the period. LPL Financial LLC boosted its position in shares of Bridgewater Bancshares by 7.8% during the 4th quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after purchasing an additional 855 shares in the last quarter. Finally, Maltese Capital Management LLC boosted its position in shares of Bridgewater Bancshares by 0.6% during the 4th quarter. Maltese Capital Management LLC now owns 176,000 shares of the company’s stock worth $3,085,000 after purchasing an additional 1,000 shares in the last quarter. 65.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BWB shares. Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. DA Davidson reissued a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Finally, Piper Sandler lifted their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.00.

About Bridgewater Bancshares

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.