Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Drops By 7.8%

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 117,900 shares, a drop of 7.8% from the December 31st total of 127,900 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 69,600 shares, the days-to-cover ratio is presently 1.7 days.

Insider Buying and Selling

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the completion of the sale, the director now owns 100,780 shares of the company’s stock, valued at $1,524,801.40. This represents a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Douglas J. Parish sold 5,750 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $15.05, for a total transaction of $86,537.50. Following the transaction, the director now directly owns 1,636 shares of the company’s stock, valued at approximately $24,621.80. This represents a 77.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,455 shares of company stock worth $233,903. 23.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in BWB. Dimensional Fund Advisors LP raised its stake in Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after acquiring an additional 37,090 shares during the period. State Street Corp lifted its holdings in shares of Bridgewater Bancshares by 1.1% during the third quarter. State Street Corp now owns 449,345 shares of the company’s stock worth $6,367,000 after buying an additional 4,874 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings 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 purchasing an additional 2,170 shares during the period. Stieven Capital Advisors L.P. grew its position in Bridgewater Bancshares by 56.1% during the fourth quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company’s stock worth $3,242,000 after buying an additional 86,200 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Bridgewater Bancshares by 111.7% during the 3rd quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock worth $2,367,000 after purchasing an additional 88,110 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BWB has been the topic of a number of analyst reports. Piper Sandler lowered their target price on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday. DA Davidson reissued a “buy” rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday.

Bridgewater Bancshares Stock Down 2.4 %

NASDAQ BWB traded down $0.34 on Monday, reaching $13.78. The company had a trading volume of 35,971 shares, compared to its average volume of 58,251. The company’s fifty day moving average is $14.00 and its 200-day moving average is $14.10. Bridgewater Bancshares has a 1-year low of $10.52 and a 1-year high of $16.00. The firm has a market capitalization of $377.99 million, a price-to-earnings ratio of 13.38 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 EPS for the quarter, beating the consensus estimate 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 forecast that Bridgewater Bancshares will post 1.24 earnings per share 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.