Key Points
- Director Jeffrey Shellberg sold 20,000 shares of Bridgewater Bancshares at an average price of $18.55, totaling $371,000. After the sale, he still held 25,000 shares.
- Bridgewater Bancshares recently traded near $18.72, with a market cap of about $521.9 million and a 1-year range of $14.35 to $20.30. The stock also has a low beta of 0.58, indicating comparatively modest volatility.
- The company’s latest earnings slightly missed EPS expectations, reporting $0.41 per share versus the $0.42 estimate, while revenue came in above forecasts at $38.96 million. Analysts currently view the stock as a Moderate Buy with a consensus target price of $21.67.
Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) Director Mary Jayne Crocker sold 6,525 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director owned 209,502 shares of the company's stock, valued at approximately $3,875,787. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was bought at an average price of $20.00 per share, with a total value of $4,100.00.
Bridgewater Bancshares Stock Down 0.5%
BWB opened at $18.72 on Friday. The business has a 50 day moving average price of $18.14 and a 200 day moving average price of $18.13. Bridgewater Bancshares, Inc. has a twelve month low of $14.35 and a twelve month high of $20.30. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $521.91 million, a P/E ratio of 10.58 and a beta of 0.58.
Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Bridgewater Bancshares had a return on equity of 11.06% and a net margin of 17.69%.The company had revenue of $38.96 million during the quarter, compared to analyst estimates of $36.93 million. Research analysts forecast that Bridgewater Bancshares, Inc. will post 1.85 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on BWB shares. DA Davidson restated a "buy" rating and issued a $22.00 target price on shares of Bridgewater Bancshares in a report on Wednesday, April 22nd. Piper Sandler reiterated an "overweight" rating and set a $23.00 price target (up from $21.00) on shares of Bridgewater Bancshares in a report on Thursday, January 29th. Finally, Weiss Ratings upgraded Bridgewater Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, May 4th. 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, Bridgewater Bancshares has an average rating of "Moderate Buy" and an average price target of $21.67.
Get Our Latest Analysis on BWB
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Inspire Investing LLC lifted its holdings in shares of Bridgewater Bancshares by 2.1% during the fourth quarter. Inspire Investing LLC now owns 26,748 shares of the company's stock worth $469,000 after buying an additional 544 shares during the last quarter. Gator Capital Management LLC grew its holdings in shares of Bridgewater Bancshares by 0.7% during the 3rd quarter. Gator Capital Management LLC now owns 101,005 shares of the company's stock worth $1,778,000 after purchasing an additional 680 shares in the last quarter. Villanova Investment Management Co LLC grew its holdings in shares of Bridgewater Bancshares by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 187,423 shares of the company's stock worth $3,286,000 after purchasing an additional 770 shares in the last quarter. Ieq Capital LLC increased its position in shares of Bridgewater Bancshares by 6.2% during the fourth quarter. Ieq Capital LLC now owns 13,105 shares of the company's stock valued at $230,000 after purchasing an additional 770 shares during the period. Finally, LPL Financial LLC increased 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 valued at $206,000 after purchasing an additional 855 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.
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.
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