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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Mary Jayne Crocker sold 6,525 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $18.50, for a total transaction of $120,712.50. Following the sale, the director directly owned 209,502 shares of the company’s stock, valued at approximately $3,875,787. This represents a 3.02% 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.

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

• On Monday, May 11th, Mary Jayne Crocker bought 205 shares of Bridgewater Bancshares stock. The shares were acquired at an average cost of $20.00 per share, with a total value of $4,100.00.

Bridgewater Bancshares Stock Down 0.5%

BWB stock opened at $18.72 on Friday. 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 simple moving average of $18.14 and a 200 day simple moving average of $18.13. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $521.97 million, a PE ratio of 10.58 and a beta of 0.58.

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BWB shares. DA Davidson restated a “buy” rating and set a $22.00 price target on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Piper Sandler restated an “overweight” rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded shares of Bridgewater Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of institutional investors have recently modified their holdings of BWB. Alliancebernstein L.P. boosted its stake 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 period. Hodges Capital Management Inc. acquired a new stake in shares of Bridgewater Bancshares during the 4th quarter valued at $3,862,000. Ancora Advisors LLC acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at $3,426,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Bridgewater Bancshares during the 3rd quarter valued at $2,690,000. Finally, Curi Capital LLC acquired a new stake in shares of Bridgewater Bancshares during the 2nd quarter valued at $2,029,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.