Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Up 6.7% in September

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. DA Davidson increased their price target on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Piper Sandler increased their price target 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 Buying and Selling at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 11,500 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total value of $162,725.00. Following the completion of the sale, the chief executive officer now owns 1,228,514 shares in the company, valued at approximately $17,383,473.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Thomas P. Trutna sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the completion of the sale, the director now owns 102,072 shares in the company, valued at approximately $1,440,235.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total transaction of $162,725.00. Following the transaction, the chief executive officer now owns 1,228,514 shares of the company’s stock, valued at approximately $17,383,473.10. The disclosure for this sale can be found here. 23.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors have recently added to or reduced their stakes in BWB. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Bridgewater Bancshares in the second quarter worth about $35,000. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Bridgewater Bancshares by 13.5% in 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 in the last quarter. Sei Investments Co. lifted its holdings in shares of Bridgewater Bancshares by 23.3% in the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after buying 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 worth $9,171,000 after buying an additional 37,090 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Bridgewater Bancshares by 1.6% in 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. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Price Performance

NASDAQ BWB opened at $13.77 on Wednesday. The company has a market cap of $376.94 million, a PE ratio of 12.19 and a beta of 0.68. Bridgewater Bancshares has a 52 week low of $8.00 and a 52 week high of $14.90. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.98. The firm’s 50-day simple moving average is $13.68 and its two-hundred day simple moving average is $12.35.

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