Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Up 32.2% in March

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant growth in short interest in 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. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 56,700 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in Bridgewater Bancshares by 4.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company’s stock worth $11,859,000 after purchasing an additional 40,683 shares during the period. Alliancebernstein L.P. raised its position in shares of Bridgewater Bancshares by 13.3% in the 4th quarter. Alliancebernstein L.P. now owns 493,592 shares of the company’s stock worth $6,668,000 after buying an additional 57,981 shares during the period. State Street Corp raised its position in shares of Bridgewater Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 449,345 shares of the company’s stock worth $6,367,000 after buying an additional 4,874 shares during the period. American Century Companies Inc. boosted its holdings in Bridgewater Bancshares by 8.4% in the fourth quarter. American Century Companies Inc. now owns 310,267 shares of the company’s stock valued at $4,192,000 after acquiring an additional 24,161 shares during the last quarter. Finally, Next Century Growth Investors LLC purchased a new stake in Bridgewater Bancshares during the fourth quarter valued at about $3,989,000. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Price Performance

Shares of BWB opened at $13.93 on Wednesday. The firm has a market capitalization of $384.41 million, a PE ratio of 13.52 and a beta of 0.67. The stock’s 50 day moving average is $14.14 and its two-hundred day moving average is $14.30. Bridgewater Bancshares has a twelve month low of $10.52 and a twelve month high of $16.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. Research analysts anticipate that Bridgewater Bancshares will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a research report on Thursday, January 30th. Piper Sandler cut 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.

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.