Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 55.9% in January

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 94,700 shares, a drop of 55.9% from the January 15th total of 214,600 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 78,100 shares, the days-to-cover ratio is currently 1.2 days.

Insider Activity at Bridgewater Bancshares

In other news, CFO Joseph M. Chybowski sold 3,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the transaction, the chief financial officer now directly owns 98,416 shares of the company’s stock, valued at approximately $1,526,432.16. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James S. Johnson sold 4,705 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $15.00, for a total value of $70,575.00. Following the transaction, the director now directly owns 93,646 shares in the company, valued at $1,404,690. This represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its position in shares of Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC increased its position in Bridgewater Bancshares by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock valued at $234,000 after acquiring an additional 804 shares during the period. SG Americas Securities LLC increased its position in Bridgewater Bancshares by 17.6% in the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after acquiring an additional 1,248 shares during the period. Picton Mahoney Asset Management acquired a new position in Bridgewater Bancshares in the 4th quarter valued at about $28,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Bridgewater Bancshares by 0.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock valued at $3,866,000 after acquiring an additional 2,170 shares during the period. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BWB shares. DA Davidson reissued a “buy” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a 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 for the company in a report on Friday, January 31st.

Bridgewater Bancshares Trading Down 0.2 %

Shares of BWB traded down $0.04 during midday trading on Thursday, hitting $14.75. 23,471 shares of the stock were exchanged, compared to its average volume of 58,514. Bridgewater Bancshares has a 52-week low of $10.52 and a 52-week high of $16.00. The stock has a fifty day simple moving average of $13.99 and a 200 day simple moving average of $14.14. The firm has a market cap of $406.37 million, a P/E ratio of 14.32 and a beta of 0.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares (NASDAQ:BWB) last released its 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 return on equity of 8.85% and a net margin of 12.96%. On average, research analysts anticipate that Bridgewater Bancshares will post 1.38 EPS for the current fiscal year.

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.