Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Decreases By 7.8%

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 117,900 shares, a drop of 7.8% from the December 31st total of 127,900 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 69,600 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and set a $18.00 price target on shares of Bridgewater Bancshares in a research report on Thursday. Piper Sandler lowered their target price on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday.

Insider Activity at Bridgewater Bancshares

In related news, Director Thomas P. Trutna sold 2,000 shares of Bridgewater Bancshares stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total transaction of $30,260.00. Following the transaction, the director now owns 100,780 shares in the company, valued at approximately $1,524,801.40. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James S. Johnson sold 4,705 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $15.00, for a total value of $70,575.00. Following the completion of the sale, the director now directly owns 93,646 shares of the company’s stock, valued at $1,404,690. The trade was a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,455 shares of company stock valued at $233,903 over the last three months. 23.21% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

Several large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Bridgewater Bancshares in the 2nd quarter worth about $35,000. BNP Paribas Financial Markets lifted its stake in Bridgewater Bancshares by 18.0% in the third 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 acquired a new position in Bridgewater Bancshares during the 3rd quarter valued at about $100,000. D.A. Davidson & CO. bought a new position in Bridgewater Bancshares in the 3rd quarter worth approximately $183,000. Finally, Martingale Asset Management L P acquired a new stake in Bridgewater Bancshares in the 3rd quarter valued at approximately $185,000. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Down 2.4 %

Shares of BWB stock traded down $0.34 during trading hours on Monday, reaching $13.78. The company had a trading volume of 35,971 shares, compared to its average volume of 58,251. The company has a market capitalization of $377.99 million, a P/E ratio of 13.38 and a beta of 0.68. The stock’s fifty day simple moving average is $14.00 and its 200 day simple moving average is $14.10. Bridgewater Bancshares has a twelve month low of $10.52 and a twelve month high of $16.00. 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 earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. As a group, sell-side analysts expect that Bridgewater Bancshares will post 1.24 earnings per share for the current fiscal 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.