Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells 11,000 Shares of 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 stock was sold at an average price of $21.04, for a total value of $231,440.00. Following the sale, the director directly owned 224,384 shares in the company, valued at approximately $4,721,039.36. This trade represents a 4.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock was sold at an average price of $18.50, for a total value of $120,712.50.
• On Monday, May 11th, Mary Jayne Crocker acquired 205 shares of Bridgewater Bancshares stock. The stock was bought at an average price of $20.00 per share, for a total transaction of $4,100.00.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB traded up $0.11 during midday trading on Wednesday, reaching $21.07. 302,931 shares of the stock were exchanged, compared to its average volume of 117,589. The firm has a market cap of $587.43 million, a price-to-earnings ratio of 11.45 and a beta of 0.57. Bridgewater Bancshares, Inc. has a twelve month low of $15.15 and a twelve month high of $22.59. The firm has a 50-day simple moving average of $20.48 and a two-hundred day simple moving average of $19.16. 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 posted its earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Bridgewater Bancshares had a net margin of 18.38% and a return on equity of 11.21%. The firm had revenue of $40.89 million during the quarter, compared to analyst estimates of $41.43 million. As a group, analysts anticipate that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of large investors have recently made changes to their positions in BWB. BNP Paribas Financial Markets raised its holdings in shares of Bridgewater Bancshares by 78.1% during the 2nd 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 period. State of Alaska Department of Revenue increased its holdings in shares of Bridgewater Bancshares by 253.6% during 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 stake in shares of Bridgewater Bancshares during the 1st quarter valued at approximately $178,000. LPL Financial LLC grew its position in 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 increased its stake in 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 hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on BWB shares. DA Davidson reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, June 18th. Finally, Piper Sandler upped their price target on Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.