Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 127,200 shares, a drop of 5.1% from the August 15th total of 134,000 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average trading volume of 48,000 shares, the days-to-cover ratio is currently 2.7 days.
Analyst Ratings Changes
A number of research firms have commented on BWB. DA Davidson increased their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Piper Sandler increased their price objective 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.
Check Out Our Latest Research Report on Bridgewater Bancshares
Insider Buying and Selling at Bridgewater Bancshares
Institutional Trading of Bridgewater Bancshares
Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares in the second quarter worth about $35,000. BNP Paribas Financial Markets grew its stake in shares of Bridgewater Bancshares by 100.4% during the 1st quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock worth $119,000 after purchasing an additional 5,128 shares during the period. Sei Investments Co. increased its holdings in shares of Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after purchasing an additional 2,713 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of Bridgewater Bancshares in the 1st quarter valued at $170,000. Finally, Riverwater Partners LLC purchased a new stake in Bridgewater Bancshares during the second quarter worth $207,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.
Bridgewater Bancshares Stock Performance
Shares of BWB stock opened at $14.29 on Thursday. The business has a fifty day moving average of $13.48 and a 200 day moving average of $12.17. Bridgewater Bancshares has a 1 year low of $8.00 and a 1 year 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 firm has a market capitalization of $391.17 million, a price-to-earnings ratio of 12.65 and a beta of 0.68.
Bridgewater Bancshares (NASDAQ:BWB – Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $62.64 million during the quarter, compared to analysts’ expectations of $26.60 million. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. During the same period last year, the business posted $0.31 earnings per share. As a group, research analysts expect that Bridgewater Bancshares will post 1 earnings per share for the current year.
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.
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