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 company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $18.50, for a total transaction of $120,712.50. Following the transaction, the director owned 209,502 shares of the company’s stock, valued at approximately $3,875,787. This represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 price of $20.00 per share, with a total value of $4,100.00.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded down $0.09 during midday trading on Friday, reaching $18.72. 51,371 shares of the company were exchanged, compared to its average volume of 74,954. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.96. The business’s fifty day moving average is $18.11 and its two-hundred day moving average is $18.12. Bridgewater Bancshares, Inc. has a one year low of $14.35 and a one year high of $20.30. The stock has a market cap of $521.91 million, a PE ratio of 10.58 and a beta of 0.58.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.41 EPS 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 the consensus estimate of $36.93 million. As a group, analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current year.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Bridgewater Bancshares by 14.4% in the first quarter. Bank of America Corp DE now owns 20,759 shares of the company’s stock valued at $367,000 after acquiring an additional 2,615 shares during the period. Rhino Investment Partners Inc increased its stake in Bridgewater Bancshares by 5.5% in the 1st quarter. Rhino Investment Partners Inc now owns 430,456 shares of the company’s stock worth $7,619,000 after buying an additional 22,502 shares during the period. Empowered Funds LLC grew its holdings in Bridgewater Bancshares by 79.8% during the 1st quarter. Empowered Funds LLC now owns 92,109 shares of the company’s stock worth $1,630,000 after acquiring an additional 40,890 shares in the last quarter. Quantinno Capital Management LP grew its holdings in Bridgewater Bancshares by 27.3% during the 1st quarter. Quantinno Capital Management LP now owns 47,254 shares of the company’s stock worth $836,000 after acquiring an additional 10,122 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Bridgewater Bancshares by 11.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 348,022 shares of the company’s stock worth $6,160,000 after acquiring an additional 34,454 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on BWB. 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 reiterated an “overweight” rating and set a $23.00 price objective (up from $21.00) on shares of Bridgewater Bancshares in a research report on Thursday, January 29th. Finally, DA Davidson reiterated a “buy” rating and set a $22.00 price objective on shares of Bridgewater Bancshares in a research report on Wednesday, April 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.