Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Up 18.6% in August

Bridgewater Bancshares, Inc. (NASDAQ:BWBGet Rating) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 325,000 shares, a growth of 18.6% from the August 15th total of 274,100 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 44,700 shares, the short-interest ratio is presently 7.3 days.

Analyst Ratings Changes

Separately, B. Riley decreased their target price on shares of Bridgewater Bancshares from $18.00 to $16.00 in a research report on Monday, July 11th.

Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB opened at $17.67 on Tuesday. The stock has a market cap of $487.34 million, a PE ratio of 11.11 and a beta of 0.68. The company’s fifty day moving average is $17.24 and its 200 day moving average is $16.64. Bridgewater Bancshares has a 52 week low of $14.97 and a 52 week high of $20.05. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.48.

Bridgewater Bancshares (NASDAQ:BWBGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $34.18 million for the quarter, compared to analysts’ expectations of $32.95 million. Bridgewater Bancshares had a net margin of 33.06% and a return on equity of 15.73%. Research analysts anticipate that Bridgewater Bancshares will post 1.72 earnings per share for the current year.

Insider Transactions at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 4,166 shares of Bridgewater Bancshares stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $17.83, for a total transaction of $74,279.78. Following the completion of the sale, the chief executive officer now directly owns 1,190,476 shares of the company’s stock, valued at approximately $21,226,187.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.97% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of hedge funds have recently modified their holdings of the company. First Trust Advisors LP increased its position in shares of Bridgewater Bancshares by 6.9% in the fourth quarter. First Trust Advisors LP now owns 13,025 shares of the company’s stock valued at $230,000 after acquiring an additional 837 shares during the period. Elgethun Capital Management increased its position in shares of Bridgewater Bancshares by 0.5% during the first quarter. Elgethun Capital Management now owns 186,246 shares of the company’s stock valued at $3,107,000 after buying an additional 1,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Bridgewater Bancshares by 1.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 56,610 shares of the company’s stock valued at $945,000 after buying an additional 1,025 shares during the period. US Bancorp DE increased its position in shares of Bridgewater Bancshares by 82.5% during the second quarter. US Bancorp DE now owns 2,442 shares of the company’s stock valued at $39,000 after buying an additional 1,104 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Bridgewater Bancshares by 5.3% during the second quarter. Rhumbline Advisers now owns 28,111 shares of the company’s stock valued at $454,000 after buying an additional 1,427 shares during the period. Hedge funds and other institutional investors own 49.49% of the company’s stock.

Bridgewater Bancshares Company Profile

(Get Rating)

Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

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