Bridgewater Bancshares EVP Mary Jayne Crocker buys $3,562 in shares

Published 01/05/2025, 22:28
Bridgewater Bancshares EVP Mary Jayne Crocker buys $3,562 in shares

Mary Jayne Crocker, the Executive Vice President and Chief Strategy Officer at Bridgewater Bancshares Inc (NASDAQ:BWB), recently acquired additional shares in the company. The bank, currently valued at $417.54 million, has seen its stock surge 11.36% in the past week, according to InvestingPro data. According to a recent SEC filing, Crocker purchased 190 depositary shares on April 30, 2025, at a price of $18.75 per share, amounting to a total transaction value of $3,562. These shares are held indirectly through a Spouse IRA, bringing her total ownership to 5,295 shares. Each depositary share represents a 1/100th interest in the company’s 5.875% Non-Cumulative Perpetual Preferred Stock, Series A. The company trades at a P/E ratio of 13.5, and three analysts have recently revised their earnings estimates upward, as revealed by InvestingPro’s comprehensive analysis. Get access to the full BWB Research Report and 12+ additional ProTips on InvestingPro.

In other recent news, Bridgewater Bancshares Inc. reported its first-quarter 2025 earnings, surpassing analyst expectations with an earnings per share of $0.32, compared to the forecasted $0.29. The company also reported revenues of $32.29 million, exceeding the anticipated $30.32 million, marking a 23% year-over-year increase. This performance highlights the company’s ongoing trend of exceeding market forecasts, which reinforces investor confidence. Additionally, Bridgewater Bancshares’ net interest margin expanded by 19 basis points to 2.51%, reflecting effective financial management. Despite these strong results, the company’s stock experienced a slight decline in after-hours trading. The company continues to focus on expanding its affordable housing portfolio and enhancing its digital banking services. Looking forward, Bridgewater Bancshares anticipates mid to high single-digit loan growth for the full year and continued margin expansion. Potential challenges include anticipated non-interest expense growth and macroeconomic factors such as interest rate changes.

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