Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 5.1% in August

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totalling 127,200 shares, a decrease of 5.1% from the August 15th total of 134,000 shares. Based on an average daily volume of 48,000 shares, the short-interest ratio is presently 2.7 days. Approximately 0.7% of the company’s stock are short sold.

Bridgewater Bancshares Price Performance

Shares of Bridgewater Bancshares stock opened at $14.26 on Wednesday. The stock has a market cap of $390.35 million, a PE ratio of 12.65 and a beta of 0.68. Bridgewater Bancshares has a 52 week low of $8.00 and a 52 week high of $14.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.98. The company’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $12.15.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $62.64 million for the quarter, compared to the consensus estimate of $26.60 million. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.51%. During the same period last year, the firm posted $0.31 earnings per share. As a group, sell-side analysts anticipate that Bridgewater Bancshares will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. DA Davidson lifted their price target on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a report on Friday, July 26th. Piper Sandler increased their price target on Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th.

Insider Activity at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 11,500 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total transaction of $162,725.00. Following the sale, the chief executive officer now owns 1,228,514 shares in the company, valued at $17,383,473.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 11,500 shares of Bridgewater Bancshares stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total transaction of $162,725.00. Following the sale, the chief executive officer now directly owns 1,228,514 shares in the company, valued at approximately $17,383,473.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Trutna sold 5,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the sale, the director now directly owns 102,072 shares in the company, valued at $1,440,235.92. The disclosure for this sale can be found here. 23.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Bridgewater Bancshares in the second quarter valued at about $35,000. BNP Paribas Financial Markets boosted its position in shares of Bridgewater Bancshares by 100.4% in the first quarter. BNP Paribas Financial Markets now owns 10,237 shares of the company’s stock valued at $119,000 after acquiring an additional 5,128 shares during the period. Sei Investments Co. grew its position in Bridgewater Bancshares by 23.3% in the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock worth $167,000 after purchasing an additional 2,713 shares during the last quarter. Empowered Funds LLC acquired a new stake in Bridgewater Bancshares in the 1st quarter worth $170,000. Finally, Riverwater Partners LLC acquired a new position in shares of Bridgewater Bancshares during the second quarter valued at about $207,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.