Bridgewater Bancshares, Inc. (NASDAQ:BWB) Sees Large Growth in Short Interest

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 115,200 shares, an increase of 21.6% from the January 31st total of 94,700 shares. Based on an average trading volume of 70,100 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the company’s stock are short sold.

Bridgewater Bancshares Stock Up 1.0 %

NASDAQ:BWB opened at $14.00 on Friday. The firm has a 50-day simple moving average of $13.89 and a two-hundred day simple moving average of $14.27. Bridgewater Bancshares has a fifty-two week low of $10.52 and a fifty-two week high of $16.00. The firm has a market cap of $385.77 million, a P/E ratio of 13.59 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. Analysts predict that Bridgewater Bancshares will post 1.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Bridgewater Bancshares news, CFO Joseph M. Chybowski sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the sale, the chief financial officer now directly owns 98,416 shares in the company, valued at approximately $1,526,432.16. This trade represents a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.21% of the stock is owned by company insiders.

Institutional Trading of Bridgewater Bancshares

A number of large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its stake in shares of Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after acquiring an additional 676 shares during the period. Empowered Funds LLC grew its stake in shares of Bridgewater Bancshares by 5.1% in the third quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock worth $234,000 after acquiring an additional 804 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Bridgewater Bancshares by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 74,918 shares of the company’s stock worth $1,012,000 after acquiring an additional 895 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock worth $112,000 after buying an additional 1,248 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Bridgewater Bancshares in the fourth quarter worth approximately $28,000. 65.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. DA Davidson restated a “buy” rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Thursday, January 30th. Piper Sandler reduced their price objective on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, January 31st.

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.