Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 7.8% in January

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 117,900 shares, a drop of 7.8% from the December 31st total of 127,900 shares. Approximately 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 69,600 shares, the short-interest ratio is presently 1.7 days.

Bridgewater Bancshares Price Performance

Shares of BWB traded down $0.34 during midday trading on Monday, hitting $13.78. 35,971 shares of the company traded hands, compared to its average volume of 58,251. The firm has a 50 day moving average of $14.00 and a 200-day moving average of $14.10. Bridgewater Bancshares has a 52 week low of $10.52 and a 52 week high of $16.00. 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 stock has a market cap of $377.99 million, a price-to-earnings ratio of 13.38 and a beta of 0.68.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results 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%. On average, analysts forecast that Bridgewater Bancshares will post 1.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a report on Thursday. Piper Sandler reduced their price objective on Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday.

Insiders Place Their Bets

In related news, Director Thomas P. Trutna sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the completion of the transaction, the director now owns 100,780 shares of the company’s stock, valued at $1,524,801.40. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Johnson sold 4,705 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.00, for a total value of $70,575.00. Following the completion of the sale, the director now directly owns 93,646 shares in the company, valued at $1,404,690. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,455 shares of company stock worth $233,903 over the last three months. Company insiders own 23.21% of the company’s stock.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Foundry Partners LLC boosted its position in Bridgewater Bancshares by 111.7% in the 3rd quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock valued at $2,367,000 after buying an additional 88,110 shares during the period. Stieven Capital Advisors L.P. boosted its holdings in shares of Bridgewater Bancshares by 56.1% in the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock valued at $3,242,000 after purchasing an additional 86,200 shares during the period. Assenagon Asset Management S.A. grew its stake in Bridgewater Bancshares by 121.9% in the third quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock worth $992,000 after purchasing an additional 38,461 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Bridgewater Bancshares by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after purchasing an additional 37,090 shares in the last quarter. Finally, Barclays PLC increased its holdings in Bridgewater Bancshares by 283.4% during the third quarter. Barclays PLC now owns 25,997 shares of the company’s stock valued at $369,000 after buying an additional 19,217 shares during the period. Hedge funds and other institutional investors own 65.83% of the company’s stock.

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.