Insider Selling: Bridgewater Bancshares (NASDAQ:BWB) EVP Sells 8,957 Shares of Stock

Bridgewater Bancshares, Inc. (NASDAQ:BWB) EVP Mary Jayne Crocker sold 8,957 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $16.75, for a total value of $150,029.75. Following the transaction, the executive vice president owned 203,105 shares of the company’s stock, valued at $3,402,008.75. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mary Jayne Crocker also recently made the following trade(s):

• On Wednesday, November 5th, Mary Jayne Crocker sold 277 shares of Bridgewater Bancshares stock. The stock was sold at an average price of $17.00, for a total transaction of $4,709.00.
• On Thursday, September 4th, Mary Jayne Crocker acquired 100 shares of Bridgewater Bancshares stock. The shares were purchased at an average cost of $19.48 per share, for a total transaction of $1,948.00.
• On Tuesday, August 26th, Mary Jayne Crocker sold 9,314 shares of Bridgewater Bancshares stock. The shares were sold at an average price of $16.05, for a total transaction of $149,489.70.
• On Monday, August 25th, Mary Jayne Crocker sold 1,332 shares of Bridgewater Bancshares stock. The stock was sold at an average price of $16.23, for a total transaction of $21,618.36.

Bridgewater Bancshares Stock Up 0.7%

Shares of NASDAQ:BWB traded up $0.12 during trading on Wednesday, reaching $16.95. 97,247 shares of the stock traded hands, compared to its average volume of 82,789. The stock has a market cap of $467.57 million, a P/E ratio of 12.74 and a beta of 0.64. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a 50-day moving average of $16.93 and a two-hundred day moving average of $16.13. Bridgewater Bancshares, Inc. has a 52-week low of $11.93 and a 52-week high of $18.01.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.28 earnings per share for the quarter. Bridgewater Bancshares had a net margin of 14.52% and a return on equity of 10.27%. The company had revenue of $26.75 million during the quarter. As a group, sell-side analysts expect that Bridgewater Bancshares, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on BWB shares. Piper Sandler increased their price objective on Bridgewater Bancshares from $19.00 to $20.00 and gave the company an “overweight” rating in a research report on Monday, July 28th. Zacks Research lowered Bridgewater Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $21.00 price target on shares of Bridgewater Bancshares in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Bridgewater Bancshares currently has an average rating of “Moderate Buy” and an average price target of $20.50.

Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in shares of Bridgewater Bancshares by 78.1% in the second quarter. BNP Paribas Financial Markets now owns 2,385 shares of the company’s stock worth $38,000 after buying an additional 1,046 shares during the last quarter. CWM LLC raised its position in Bridgewater Bancshares by 182.1% in the second quarter. CWM LLC now owns 2,463 shares of the company’s stock worth $39,000 after acquiring an additional 1,590 shares during the period. Palouse Capital Management Inc. purchased a new position in shares of Bridgewater Bancshares during the 3rd quarter worth $113,000. AQR Capital Management LLC purchased a new position in shares of Bridgewater Bancshares during the 1st quarter worth $178,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Bridgewater Bancshares during the 2nd quarter valued at $259,000. Institutional investors own 65.83% of the company’s stock.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.