Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Expands By 32.2%

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 133,100 shares, a growth of 32.2% from the February 28th total of 100,700 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 56,700 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Next Century Growth Investors LLC acquired a new stake in shares of Bridgewater Bancshares in the fourth quarter worth approximately $3,989,000. Fourthstone LLC purchased a new position in shares of Bridgewater Bancshares in the 4th quarter worth $2,856,000. Basswood Capital Management L.L.C. acquired a new position in Bridgewater Bancshares in the fourth quarter valued at $2,749,000. JPMorgan Chase & Co. grew its position in Bridgewater Bancshares by 303.8% during the fourth quarter. JPMorgan Chase & Co. now owns 123,417 shares of the company's stock valued at $1,667,000 after acquiring an additional 92,855 shares during the period. Finally, Stieven Capital Advisors L.P. increased its stake in Bridgewater Bancshares by 56.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company's stock worth $3,242,000 after acquiring an additional 86,200 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company's stock.

Bridgewater Bancshares Trading Down 4.7 %

Shares of BWB traded down $0.61 on Friday, hitting $12.29. 124,833 shares of the stock traded hands, compared to its average volume of 53,581. Bridgewater Bancshares has a 1 year low of $10.52 and a 1 year high of $16.00. The stock's 50 day moving average is $14.14 and its two-hundred day moving average is $14.29. The firm has a market capitalization of $339.15 million, a P/E ratio of 11.93 and a beta of 0.54. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) 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%. As a group, sell-side analysts predict that Bridgewater Bancshares will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on BWB shares. 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 report on Friday, January 31st. DA Davidson reiterated a "buy" rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

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.