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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Mary Jayne Crocker sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $21.04, for a total transaction of $231,440.00. Following the sale, the director owned 224,384 shares of the company’s stock, valued at approximately $4,721,039.36. This represents a 4.67% decrease in their ownership of the stock. The transaction 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 Thursday, July 30th, Mary Jayne Crocker sold 11 shares of Bridgewater Bancshares stock. The stock was sold at an average price of $21.21, for a total transaction 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 transaction of $120,712.50.
• On Monday, May 11th, Mary Jayne Crocker purchased 205 shares of Bridgewater Bancshares stock. The shares were purchased at an average cost of $20.00 per share, with a total value of $4,100.00.

Bridgewater Bancshares Price Performance

Shares of NASDAQ BWB opened at $21.24 on Friday. Bridgewater Bancshares, Inc. has a twelve month low of $15.35 and a twelve month high of $22.59. The firm has a market cap of $592.17 million, a P/E ratio of 11.54 and a beta of 0.57. The company has a 50 day moving average of $20.57 and a 200 day moving average of $19.20. 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 (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 analysts’ expectations of $41.43 million. As a group, research analysts expect that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BWB shares. Piper Sandler upped their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. DA Davidson reiterated a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Weiss Ratings raised Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Finally, Stephens upgraded shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 target price on the stock in a research note on Thursday. Four 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, the stock has an average rating of “Moderate Buy” and an average target price of $23.67.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors have recently added to or reduced their stakes in BWB. BNP Paribas Financial Markets raised its stake in Bridgewater Bancshares by 78.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock valued at $38,000 after buying an additional 1,046 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Bridgewater Bancshares by 253.6% in the 4th quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after buying an additional 2,762 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares in the 1st quarter worth $178,000. LPL Financial LLC grew its holdings in shares of Bridgewater Bancshares by 7.8% in the fourth quarter. LPL Financial LLC now owns 11,770 shares of the company’s stock worth $206,000 after acquiring an additional 855 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Bridgewater Bancshares by 14.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,419 shares of the company’s stock worth $218,000 after acquiring an additional 1,535 shares during the period. Institutional investors 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.