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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) Director Mary Jayne Crocker sold 6,525 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $18.50, for a total value of $120,712.50. Following the sale, the director 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 legal filing with the Securities & Exchange Commission, which is available 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 bought at an average cost of $20.00 per share, with a total value of $4,100.00.

Bridgewater Bancshares Trading Down 0.5%

BWB stock traded down $0.09 during midday trading on Friday, hitting $18.72. The stock had a trading volume of 51,371 shares, compared to its average volume of 74,954. The business has a fifty day moving average price of $18.11 and a two-hundred day moving average price of $18.12. Bridgewater Bancshares, Inc. has a 1-year low of $14.35 and a 1-year high of $20.30. The firm has a market cap of $521.91 million, a P/E ratio of 10.58 and a beta of 0.58. 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 (NASDAQ:BWB) last posted its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%.The business had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. On average, sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds have recently modified their holdings of BWB. BNP Paribas Financial Markets boosted its position in shares of Bridgewater Bancshares by 78.1% during the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after acquiring an additional 1,046 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Bridgewater Bancshares by 253.6% during the fourth quarter. State of Alaska Department of Revenue now owns 3,851 shares of the company’s stock worth $67,000 after acquiring an additional 2,762 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Bridgewater Bancshares during the first quarter worth $178,000. LPL Financial LLC boosted its position in shares of Bridgewater Bancshares by 7.8% during 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 last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Bridgewater Bancshares by 14.1% during 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 last quarter. 65.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.