Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) Director Sells $231,440.00 in Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Free Report) Director Mary Jayne Crocker sold 11,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $21.04, for a total transaction of $231,440.00. Following the transaction, the director owned 224,384 shares of the company’s stock, valued at $4,721,039.36. This trade represents a 4.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were 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 stock was sold at an average price of $18.50, for a total transaction of $120,712.50.
  • On Monday, May 11th, Mary Jayne Crocker bought 205 shares of Bridgewater Bancshares stock. The shares were purchased at an average price of $20.00 per share, with a total value of $4,100.00.

Bridgewater Bancshares Stock Performance

Shares of BWB stock opened at $21.64 on Friday. The company has a market cap of $603.32 million, a P/E ratio of 11.76 and a beta of 0.57. The firm has a fifty day moving average price of $20.62 and a 200 day moving average price of $19.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. Bridgewater Bancshares, Inc. has a 12 month low of $15.35 and a 12 month high of $22.59.

Bridgewater Bancshares (NASDAQ:BWBGet Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The company had revenue of $40.89 million for the quarter, compared to analysts’ expectations of $41.43 million. Bridgewater Bancshares had a return on equity of 11.21% and a net margin of 18.38%. Sell-side analysts predict that Bridgewater Bancshares, Inc. will post 1.85 earnings per share for the current fiscal year.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Bridgewater Bancshares in the 2nd quarter valued at about $37,145,000. Alliancebernstein L.P. boosted its holdings in shares of Bridgewater Bancshares by 181.8% in the third quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after acquiring an additional 827,141 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Bridgewater Bancshares by 2.3% in the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after acquiring an additional 25,566 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bridgewater Bancshares by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,058,471 shares of the company’s stock worth $18,735,000 after acquiring an additional 25,899 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 496,116 shares of the company’s stock valued at $8,699,000 after acquiring an additional 15,192 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

Analysts Set New Price Targets

BWB has been the subject of several recent analyst reports. Weiss Ratings upgraded Bridgewater Bancshares from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, June 18th. DA Davidson reiterated a “buy” rating and issued a $22.00 price target on shares of Bridgewater Bancshares in a research note on Wednesday, April 22nd. Stephens raised shares of Bridgewater Bancshares from an “equal weight” rating to an “overweight” rating and set a $25.00 price objective on the stock in a report on Thursday. Finally, Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.67.

Check Out Our Latest Stock Analysis on BWB

About Bridgewater Bancshares

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Bridgewater Bancshares (NASDAQ:BWB)

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