Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Rises By 21.6%

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 115,200 shares, a growth of 21.6% from the January 31st total of 94,700 shares. Based on an average daily 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 sold short.

Bridgewater Bancshares Stock Performance

Shares of BWB stock traded down $0.01 during trading hours on Thursday, reaching $13.75. 6,312 shares of the company’s stock were exchanged, compared to its average volume of 54,088. Bridgewater Bancshares has a fifty-two week low of $10.52 and a fifty-two week high of $16.00. The business has a fifty day moving average price of $13.89 and a 200-day moving average price of $14.28. The stock has a market capitalization of $378.74 million, a P/E ratio of 13.41 and a beta of 0.67. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Bridgewater Bancshares

In related news, CFO Joseph M. Chybowski sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the completion of the transaction, the chief financial officer now owns 98,416 shares in the company, valued at $1,526,432.16. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in Bridgewater Bancshares in the fourth quarter valued at about $28,000. Tower Research Capital LLC TRC grew its stake in shares of Bridgewater Bancshares by 266.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company’s stock worth $45,000 after acquiring an additional 2,441 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after buying an additional 676 shares during the last quarter. SG Americas Securities LLC increased its position 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 valued at $112,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Bridgewater Bancshares during the 4th quarter worth approximately $157,000. 65.83% of the stock is owned by institutional investors and hedge funds.

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.