Bridgewater Bancshares Inc (NASDAQ:BWB) Short Interest Update

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Bridgewater Bancshares Inc (NASDAQ:BWB) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 196,700 shares, an increase of 19.6% from the December 15th total of 164,400 shares. Based on an average daily trading volume, of 82,600 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.9% of the company’s stock are sold short.

In other Bridgewater Bancshares news, COO Mary Jayne Crocker sold 25,000 shares of Bridgewater Bancshares stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $12.84, for a total value of $321,000.00. Insiders own 17.31% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BWB. Charles Schwab Investment Management Inc. raised its holdings in shares of Bridgewater Bancshares by 4.5% in the second quarter. Charles Schwab Investment Management Inc. now owns 78,482 shares of the company’s stock valued at $906,000 after purchasing an additional 3,387 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Bridgewater Bancshares by 3.3% during the second quarter. Bank of New York Mellon Corp now owns 74,631 shares of the company’s stock worth $861,000 after buying an additional 2,390 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Bridgewater Bancshares by 79.4% during the second quarter. Renaissance Technologies LLC now owns 164,679 shares of the company’s stock worth $1,900,000 after buying an additional 72,869 shares during the last quarter. Northern Trust Corp increased its holdings in Bridgewater Bancshares by 4.5% during the second quarter. Northern Trust Corp now owns 222,152 shares of the company’s stock worth $2,563,000 after buying an additional 9,554 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in Bridgewater Bancshares by 46.9% during the second quarter. Parametric Portfolio Associates LLC now owns 16,865 shares of the company’s stock worth $195,000 after buying an additional 5,385 shares during the last quarter. Institutional investors own 44.94% of the company’s stock.

A number of research analysts have weighed in on the stock. ValuEngine lowered shares of Bridgewater Bancshares from a “sell” rating to a “strong sell” rating in a research note on Tuesday. B. Riley lifted their price target on shares of Bridgewater Bancshares from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Finally, Zacks Investment Research raised shares of Bridgewater Bancshares from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.00.

NASDAQ BWB opened at $13.48 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.70. Bridgewater Bancshares has a 12-month low of $9.69 and a 12-month high of $13.90. The company has a market capitalization of $380.20 million, a PE ratio of 14.81 and a beta of 1.02. The firm’s 50 day moving average is $13.27 and its 200-day moving average is $12.22.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.01. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.33%. The company had revenue of $19.88 million for the quarter, compared to the consensus estimate of $19.54 million. As a group, sell-side analysts expect that Bridgewater Bancshares will post 1.02 EPS for the current year.

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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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