Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Grows By 32.2%

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

Analyst Ratings Changes

Several research firms have recently commented on BWB. Piper Sandler decreased their target price on shares of Bridgewater Bancshares from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. DA Davidson reissued a “buy” rating and set a $18.00 price objective on shares of Bridgewater Bancshares in a report on Thursday, January 30th.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $13.89 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The stock has a market cap of $383.31 million, a PE ratio of 13.49 and a beta of 0.67. The stock’s fifty day simple moving average is $14.13 and its two-hundred day simple moving average is $14.30. Bridgewater Bancshares has a 1-year low of $10.52 and a 1-year high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Wednesday, January 29th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. As a group, analysts forecast that Bridgewater Bancshares will post 1.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgewater Bancshares

Several hedge funds have recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new stake in shares of Bridgewater Bancshares during the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC boosted its stake in Bridgewater Bancshares by 266.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,358 shares of the company’s stock valued at $45,000 after acquiring an additional 2,441 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Bridgewater Bancshares by 18.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after acquiring an additional 676 shares during the period. SG Americas Securities LLC grew its position in shares of Bridgewater Bancshares by 17.6% during the 4th quarter. SG Americas Securities LLC now owns 8,326 shares of the company’s stock valued at $112,000 after acquiring an additional 1,248 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Bridgewater Bancshares during the 4th quarter worth approximately $157,000. Institutional investors own 65.83% of the company’s stock.

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.