Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 55.9% in January

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 94,700 shares, a decline of 55.9% from the January 15th total of 214,600 shares. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the company's stock are short sold.

Wall Street Analyst Weigh In

Several research firms have issued reports on BWB. DA Davidson restated a "buy" rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Thursday, January 30th. Piper Sandler dropped their price target on Bridgewater Bancshares from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Friday, January 31st.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock traded up $0.12 during trading hours on Monday, hitting $14.87. The company had a trading volume of 65,356 shares, compared to its average volume of 59,473. The firm has a 50-day moving average of $13.97 and a 200 day moving average of $14.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $409.82 million, a PE ratio of 14.44 and a beta of 0.68. Bridgewater Bancshares has a one year low of $10.52 and a one year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. Bridgewater Bancshares had a return on equity of 8.85% and a net margin of 12.96%. On average, sell-side analysts expect that Bridgewater Bancshares will post 1.38 earnings per share for the current year.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director James S. Johnson sold 4,705 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.00, for a total transaction of $70,575.00. Following the transaction, the director now owns 93,646 shares of the company's stock, valued at $1,404,690. The trade was a 4.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the chief financial officer now directly owns 98,416 shares of the company's stock, valued at approximately $1,526,432.16. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 23.21% of the company's stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently modified their holdings of BWB. Picton Mahoney Asset Management acquired a new stake in Bridgewater Bancshares in the 4th quarter worth about $28,000. Tower Research Capital LLC TRC increased its holdings in shares of Bridgewater Bancshares by 266.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company's stock worth $45,000 after purchasing an additional 2,441 shares during the period. BNP Paribas Financial Markets raised its position 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 valued at $63,000 after buying an additional 676 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Bridgewater Bancshares in the third quarter valued at approximately $100,000. Finally, Proficio Capital Partners LLC acquired a new stake in Bridgewater Bancshares during the fourth quarter worth approximately $157,000. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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.