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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant 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. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 51,400 shares, the short-interest ratio is currently 2.6 days.

Insider Buying and Selling at Bridgewater Bancshares

In related news, Director Thomas P. Trutna sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the director now owns 102,072 shares of the company’s stock, valued at $1,440,235.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Bridgewater Bancshares news, CEO Jerry J. Baack sold 11,500 shares of the firm’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 completion of the transaction, the chief executive officer now owns 1,228,514 shares of the company’s stock, valued at $17,383,473.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Trutna sold 5,000 shares of the firm’s 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 transaction, the director now directly owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. The disclosure for this sale can be found here. Company insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

Several large investors have recently modified their holdings of BWB. Stieven Capital Advisors L.P. increased its holdings in Bridgewater Bancshares by 94.8% in the 1st quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company’s stock worth $3,428,000 after buying an additional 143,376 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Bridgewater Bancshares by 92.3% in the 1st quarter. Acadian Asset Management LLC now owns 289,173 shares of the company’s stock worth $3,364,000 after buying an additional 138,776 shares in the last quarter. Kennedy Capital Management LLC bought a new stake in Bridgewater Bancshares in the 1st quarter worth about $1,396,000. Dimensional Fund Advisors LP increased 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 in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Bridgewater Bancshares in the 4th quarter worth about $406,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on BWB. Piper Sandler raised their price objective on Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. DA Davidson raised their price objective on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Bridgewater Bancshares Price Performance

BWB opened at $13.77 on Wednesday. The stock has a 50-day moving average price of $13.68 and a 200-day moving average price of $12.35. 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 $376.94 million, a PE ratio of 12.19 and a beta of 0.68. Bridgewater Bancshares has a 1 year low of $8.00 and a 1 year high of $14.90.

Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $62.64 million during the quarter, compared to analyst estimates of $26.60 million. Bridgewater Bancshares had a return on equity of 9.51% and a net margin of 14.27%. During the same quarter in the previous year, the firm earned $0.31 EPS. Sell-side analysts predict that Bridgewater Bancshares will post 1 earnings per share 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.