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

by · The Cerbat Gem

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Free Report) saw a large 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. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 92,665 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily trading volume, of 92,665 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.5% of the shares of the stock are short sold.

Bridgewater Bancshares Stock Up 0.7%

BWB stock traded up $0.13 during midday trading on Tuesday, hitting $19.76. The company’s stock had a trading volume of 45,665 shares, compared to its average volume of 92,199. The firm’s 50-day moving average is $18.18 and its 200-day moving average is $17.13. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.19. Bridgewater Bancshares has a 12 month low of $11.93 and a 12 month high of $20.15. The company has a market cap of $545.08 million, a PE ratio of 13.17 and a beta of 0.64.

Bridgewater Bancshares (NASDAQ:BWBGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $38.84 million during the quarter, compared to analysts’ expectations of $36.10 million. Bridgewater Bancshares had a return on equity of 11.07% and a net margin of 15.74%. On average, equities research analysts forecast that Bridgewater Bancshares will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

BWB has been the topic of several research analyst reports. DA Davidson set a $24.00 target price on Bridgewater Bancshares in a research note on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Bridgewater Bancshares in a report on Wednesday, January 21st. Stephens began 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 target for the company. Finally, Piper Sandler reissued an “overweight” rating and set a $23.00 price objective (up previously from $21.00) on shares of Bridgewater Bancshares in a research note on Thursday. 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, the company presently has a consensus rating of “Hold” and an average price target of $22.33.

Check Out Our Latest Research Report on Bridgewater Bancshares

Insider Buying and Selling at Bridgewater Bancshares

In other news, EVP Mary Jayne Crocker sold 8,957 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $16.75, for a total value of $150,029.75. Following the transaction, the executive vice president owned 203,105 shares in the company, valued at approximately $3,402,008.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey D. Shellberg sold 21,936 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $17.78, for a total transaction of $390,022.08. Following the completion of the transaction, the director owned 277,924 shares in the company, valued at $4,941,488.72. The trade was a 7.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 118,482 shares of company stock valued at $2,061,855. 23.27% of the stock is owned by insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of institutional investors have recently bought and sold shares of BWB. Alliancebernstein L.P. boosted its position in shares of Bridgewater Bancshares by 181.8% during the 3rd quarter. Alliancebernstein L.P. now owns 1,282,210 shares of the company’s stock valued at $22,567,000 after acquiring an additional 827,141 shares during the last quarter. Vanguard Group Inc. lifted its position in Bridgewater Bancshares by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,154,890 shares of the company’s stock valued at $20,326,000 after purchasing an additional 25,566 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bridgewater Bancshares by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 993,523 shares of the company’s stock worth $17,485,000 after buying an additional 21,969 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bridgewater Bancshares by 3.7% in the 2nd quarter. Geode Capital Management LLC now owns 466,941 shares of the company’s stock worth $7,431,000 after buying an additional 16,578 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Bridgewater Bancshares by 13.8% during the 2nd quarter. American Century Companies Inc. now owns 439,255 shares of the company’s stock valued at $6,989,000 after buying an additional 53,258 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Company Profile

(Get Free Report)

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.

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