Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Update

Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Rating) saw a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 388,500 shares, a growth of 9.5% from the February 13th total of 354,800 shares. Based on an average daily volume of 70,100 shares, the days-to-cover ratio is currently 5.5 days. Approximately 2.0% of the company’s shares are sold short.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ:BWB opened at $12.84 on Friday. The firm has a market cap of $354.26 million, a PE ratio of 7.22 and a beta of 0.67. The firm’s 50 day simple moving average is $15.43 and its 200-day simple moving average is $17.09. Bridgewater Bancshares has a one year low of $11.00 and a one year high of $20.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.98 and a current ratio of 0.98.

Bridgewater Bancshares (NASDAQ:BWB – Get Rating) last issued its earnings results on Wednesday, January 25th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $34.63 million for the quarter, compared to analysts’ expectations of $35.20 million. Bridgewater Bancshares had a return on equity of 16.57% and a net margin of 30.81%. As a group, equities analysts predict that Bridgewater Bancshares will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered shares of Bridgewater Bancshares from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $17.00 in a research report on Thursday, January 26th.

Insider Buying and Selling

In related news, CEO Jerry J. Baack sold 4,166 shares of the stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $17.10, for a total value of $71,238.60. Following the sale, the chief executive officer now directly owns 1,199,646 shares of the company’s stock, valued at approximately $20,513,946.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 12,498 shares of company stock valued at $209,133 in the last ninety days. 21.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its stake in shares of Bridgewater Bancshares by 4.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,197,160 shares of the company’s stock valued at $38,978,000 after purchasing an additional 101,717 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bridgewater Bancshares by 2.4% during the third quarter. Vanguard Group Inc. now owns 971,802 shares of the company’s stock valued at $16,005,000 after purchasing an additional 22,980 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bridgewater Bancshares by 4.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 550,938 shares of the company’s stock valued at $9,772,000 after purchasing an additional 22,159 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Bridgewater Bancshares by 121.2% during the fourth quarter. GW&K Investment Management LLC now owns 520,526 shares of the company’s stock valued at $9,234,000 after purchasing an additional 285,255 shares in the last quarter. Finally, EJF Capital LLC boosted its stake in shares of Bridgewater Bancshares by 18.5% during the first quarter. EJF Capital LLC now owns 455,381 shares of the company’s stock valued at $7,596,000 after purchasing an additional 70,964 shares in the last quarter. 49.62% of the stock is currently owned by institutional investors.

About Bridgewater Bancshares

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Bridgewater Bancshares, Inc is a holding company, which provides retail and commercial loan and deposit services. It offers deposits, lending, professional services, and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is headquartered in Bloomington, MN.