Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 13.4% in January

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 309,143 shares, a decline of 13.4% from the December 31st total of 357,046 shares. Based on an average trading volume of 92,665 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.5% of the company’s shares are sold short. Approximately 1.5% of the company’s shares are sold short. Based on an average trading volume of 92,665 shares, the days-to-cover ratio is currently 3.3 days.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director Jeffrey D. Shellberg sold 21,936 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $17.78, for a total transaction of $390,022.08. Following the sale, the director owned 277,924 shares in the company, valued at approximately $4,941,488.72. This represents a 7.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Joseph M. Chybowski sold 5,211 shares of Bridgewater Bancshares stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $18.05, for a total transaction of $94,058.55. Following the transaction, the chief financial officer directly owned 105,349 shares of the company’s stock, valued at $1,901,549.45. The trade was a 4.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 118,482 shares of company stock valued at $2,061,855. Corporate insiders own 23.27% of the company’s stock.

Institutional Trading of Bridgewater Bancshares

A number of institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in Bridgewater Bancshares by 25.5% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,220 shares of the company’s stock worth $974,000 after buying an additional 12,439 shares in the last quarter. Villanova Investment Management Co LLC raised its holdings in Bridgewater Bancshares by 163.9% in the 2nd quarter. Villanova Investment Management Co LLC now owns 152,710 shares of the company’s stock valued at $2,430,000 after acquiring an additional 94,841 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Bridgewater Bancshares in the 2nd quarter worth approximately $2,015,000. American Century Companies Inc. grew its position in shares of Bridgewater Bancshares by 13.8% in the second quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after purchasing an additional 53,258 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 77.2% in the second quarter. Kennedy Capital Management LLC now owns 160,240 shares of the company’s stock valued at $2,549,000 after purchasing an additional 69,797 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Up 0.7%

NASDAQ:BWB traded up $0.13 during mid-day trading on Tuesday, reaching $19.76. The company’s stock had a trading volume of 45,665 shares, compared to its average volume of 92,199. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $545.08 million, a PE ratio of 13.17 and a beta of 0.64. The stock has a fifty day moving average of $18.18 and a 200-day moving average of $17.13. Bridgewater Bancshares has a 1 year low of $11.93 and a 1 year high of $20.15.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $38.84 million during the quarter, compared to the consensus estimate of $36.10 million. Bridgewater Bancshares had a net margin of 15.74% and a return on equity of 11.07%. Equities research analysts forecast that Bridgewater Bancshares will post 1.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $23.00 target price (up previously from $21.00) on shares of Bridgewater Bancshares in a report on Thursday. Stephens initiated coverage on shares of Bridgewater Bancshares in a research note on Wednesday, December 10th. They issued an “equal weight” rating and a $20.00 price objective for the company. DA Davidson set a $24.00 target price on Bridgewater Bancshares in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bridgewater Bancshares has a consensus rating of “Hold” and a consensus price target of $22.33.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is the bank holding company for Bridgewater Bank, a New Jersey-chartered community bank founded in 2006. Headquartered in Bridgewater, New Jersey, the company provides a broad array of financial services designed to meet the needs of both individual and business customers. As a locally focused institution, Bridgewater Bancshares emphasizes relationship banking, combining personalized service with the efficiency of modern banking technologies.

The company’s retail banking platform offers checking and savings accounts, certificates of deposit, money market accounts and consumer loan products.