Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Declines By 18.1%

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 106,400 shares, a decrease of 18.1% from the March 31st total of 129,900 shares. Based on an average daily volume of 77,700 shares, the short-interest ratio is presently 1.4 days. Currently, 0.5% of the company's shares are sold short.

Bridgewater Bancshares Trading Up 4.2 %

Shares of BWB stock traded up $0.64 on Friday, reaching $15.73. The company had a trading volume of 81,100 shares, compared to its average volume of 61,376. The stock has a market cap of $434.09 million, a PE ratio of 15.27 and a beta of 0.54. The company has a 50-day moving average of $13.73 and a 200-day moving average of $14.15. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares has a 12 month low of $10.52 and a 12 month high of $16.00.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Bridgewater Bancshares had a net margin of 12.96% and a return on equity of 8.85%. The company had revenue of $32.29 million for the quarter, compared to analyst estimates of $29.88 million. On average, equities analysts forecast that Bridgewater Bancshares will post 1.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on BWB shares. Piper Sandler reaffirmed an "overweight" rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Friday, April 25th. DA Davidson restated a "buy" rating and issued a $18.00 price target on shares of Bridgewater Bancshares in a research report on Thursday, January 30th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in shares of Bridgewater Bancshares by 11.4% during the third quarter. Jane Street Group LLC now owns 23,696 shares of the company's stock worth $336,000 after purchasing an additional 2,422 shares during the period. Barclays PLC raised its holdings in Bridgewater Bancshares by 283.4% during the 3rd quarter. Barclays PLC now owns 25,997 shares of the company's stock worth $369,000 after buying an additional 19,217 shares during the period. JPMorgan Chase & Co. raised its holdings in Bridgewater Bancshares by 169.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,562 shares of the company's stock worth $433,000 after buying an additional 19,201 shares during the period. SG Americas Securities LLC lifted its stake in Bridgewater Bancshares by 17.6% in the fourth quarter. SG Americas Securities LLC now owns 8,326 shares of the company's stock valued at $112,000 after buying an additional 1,248 shares in the last quarter. Finally, Sippican Capital Advisors boosted its holdings in shares of Bridgewater Bancshares by 5.7% in the fourth quarter. Sippican Capital Advisors now owns 90,410 shares of the company's stock valued at $1,221,000 after buying an additional 4,900 shares during the period. 65.83% of the stock is currently owned by institutional investors.

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.