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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 133,100 shares, an increase of 32.2% from the February 28th total of 100,700 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 56,700 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BWB. DA Davidson restated a “buy” rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research report on Thursday, January 30th. Piper Sandler cut their target price 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.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in BWB. Next Century Growth Investors LLC bought a new stake in Bridgewater Bancshares in the 4th quarter worth approximately $3,989,000. Fourthstone LLC purchased a new stake in Bridgewater Bancshares during the fourth quarter valued at $2,856,000. Basswood Capital Management L.L.C. bought a new position in Bridgewater Bancshares in the fourth quarter valued at about $2,749,000. JPMorgan Chase & Co. boosted its position in Bridgewater Bancshares by 303.8% in the fourth quarter. JPMorgan Chase & Co. now owns 123,417 shares of the company’s stock worth $1,667,000 after purchasing an additional 92,855 shares during the last quarter. Finally, Stieven Capital Advisors L.P. grew its stake in shares of Bridgewater Bancshares by 56.1% during the 4th 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. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Trading Up 0.5 %

Shares of Bridgewater Bancshares stock traded up $0.08 during midday trading on Monday, reaching $14.00. 5,853 shares of the company’s stock traded hands, compared to its average volume of 53,410. The company has a market cap of $386.21 million, a PE ratio of 13.59 and a beta of 0.67. The stock has a 50 day moving average of $14.12 and a 200-day moving average of $14.30. Bridgewater Bancshares has a 12 month low of $10.52 and a 12 month 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.

Bridgewater Bancshares (NASDAQ:BWB) last released its earnings results on Wednesday, January 29th. The company reported $0.27 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%. As a group, equities analysts expect that Bridgewater Bancshares will post 1.38 EPS for the current fiscal 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, 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.