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

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 115,200 shares, an increase of 21.6% from the January 31st total of 94,700 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 70,100 shares, the days-to-cover ratio is presently 1.6 days.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BWB shares. Piper Sandler reduced their price target 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 reissued a "buy" rating and set a $18.00 target price on shares of Bridgewater Bancshares in a report on Thursday, January 30th.

Bridgewater Bancshares Trading Down 2.1 %

Shares of NASDAQ:BWB traded down $0.30 during midday trading on Monday, reaching $13.70. The company's stock had a trading volume of 48,248 shares, compared to its average volume of 50,165. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $14.30. The firm has a market capitalization of $377.50 million, a price-to-earnings ratio of 13.30 and a beta of 0.67. Bridgewater Bancshares has a fifty-two week low of $10.52 and a fifty-two week high of $16.00.

Remove Ads

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $0.27 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, analysts forecast that Bridgewater Bancshares will post 1.38 earnings per share for the current year.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, CFO Joseph M. Chybowski sold 3,000 shares of the business's stock in a transaction dated 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 owns 98,416 shares of the company's stock, 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 at the SEC website. Corporate insiders own 23.21% of the company's stock.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BWB. Picton Mahoney Asset Management purchased a new stake in shares of Bridgewater Bancshares in the 4th quarter valued at about $28,000. Tower Research Capital LLC TRC raised its position 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 valued at $45,000 after buying an additional 2,441 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Bridgewater Bancshares by 18.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock worth $63,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC grew its position in Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock worth $112,000 after acquiring an additional 1,248 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Bridgewater Bancshares in the fourth quarter valued at $157,000. 65.83% of the stock is currently owned by institutional investors.

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.