Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Update

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 135,700 shares, an increase of 6.7% from the August 31st total of 127,200 shares. Based on an average trading volume of 51,400 shares, the short-interest ratio is presently 2.6 days. Approximately 0.7% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. DA Davidson lifted their target price on Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Piper Sandler increased their target price on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, July 29th.

Insider Activity

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the sale, the director now owns 102,072 shares in the company, valued at $1,440,235.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the transaction, the director now directly owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jerry J. Baack sold 11,500 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total transaction of $162,725.00. Following the completion of the transaction, the chief executive officer now owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. The disclosure for this sale can be found here. Insiders own 23.21% of the company’s stock.

Institutional Trading of Bridgewater Bancshares

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares during the second quarter worth about $35,000. Pacific Ridge Capital Partners LLC grew its position in Bridgewater Bancshares by 13.5% during the second quarter. Pacific Ridge Capital Partners LLC now owns 108,804 shares of the company’s stock worth $1,263,000 after buying an additional 12,941 shares during the period. Sei Investments Co. boosted its position in Bridgewater Bancshares by 23.3% during the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after purchasing an additional 2,713 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bridgewater Bancshares by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after purchasing an additional 37,090 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Bridgewater Bancshares by 1.6% during the second quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock worth $3,308,000 after buying an additional 4,450 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded up $0.08 during trading on Monday, hitting $14.17. 20,479 shares of the company’s stock were exchanged, compared to its average volume of 53,600. Bridgewater Bancshares has a 52-week low of $8.00 and a 52-week high of $14.90. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $387.89 million, a price-to-earnings ratio of 12.60 and a beta of 0.68. The business’s 50-day simple moving average is $13.67 and its 200 day simple moving average is $12.31.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $62.64 million for the quarter, compared to analyst estimates of $26.60 million. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. During the same quarter in the previous year, the firm earned $0.31 earnings per share. As a group, equities analysts predict that Bridgewater Bancshares will post 1 EPS for the current year.

Bridgewater Bancshares Company Profile

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.