Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Up 6.7% in September

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 135,700 shares, a growth of 6.7% from the August 31st total of 127,200 shares. Based on an average daily trading volume, of 51,400 shares, the short-interest ratio is presently 2.6 days. Currently, 0.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

BWB has been the subject of a number of research analyst reports. Piper Sandler lifted their price target on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. DA Davidson lifted their target price on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Insider Buying and Selling

In other news, Director Thomas P. Trutna sold 5,000 shares of Bridgewater Bancshares stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total value of $70,550.00. Following the completion of the transaction, the director now owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Jerry J. Baack sold 11,500 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total transaction of $162,725.00. Following the transaction, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the sale, the director now directly owns 102,072 shares in the company, valued at $1,440,235.92. The disclosure for this sale can be found here. 23.21% of the stock is currently owned by company insiders.

Institutional Trading of Bridgewater Bancshares

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Bridgewater Bancshares by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock worth $12,243,000 after purchasing an additional 7,223 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after buying an additional 37,090 shares during the period. Acadian Asset Management LLC increased its stake in Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock worth $3,972,000 after buying an additional 53,024 shares in the last quarter. Stieven Capital Advisors L.P. raised its holdings in Bridgewater Bancshares by 94.8% during the first quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company’s stock valued at $3,428,000 after acquiring an additional 143,376 shares during the period. Finally, American Century Companies Inc. lifted its position in shares of Bridgewater Bancshares by 1.6% in the second quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after acquiring an additional 4,450 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ:BWB traded down $0.04 during trading on Tuesday, hitting $14.13. The company’s stock had a trading volume of 1,883 shares, compared to its average volume of 53,326. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $386.79 million, a price-to-earnings ratio of 12.54 and a beta of 0.68. The company has a 50-day moving average of $13.68 and a 200-day moving average of $12.33. Bridgewater Bancshares has a 12 month low of $8.00 and a 12 month high of $14.90.

Bridgewater Bancshares (NASDAQ:BWB) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The business had revenue of $62.64 million for the quarter, compared to analysts’ expectations of $26.60 million. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.51%. During the same quarter last year, the company posted $0.31 EPS. On average, sell-side analysts expect that Bridgewater Bancshares will post 1 earnings per share for the current 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.