Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Expands By 31.7%

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 147,100 shares, a growth of 31.7% from the April 30th total of 111,700 shares. Based on an average daily trading volume, of 82,200 shares, the short-interest ratio is presently 1.8 days. Approximately 0.7% of the company's shares are short sold.

Insider Activity at Bridgewater Bancshares

In related news, Director Thomas P. Trutna sold 2,200 shares of Bridgewater Bancshares stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $15.78, for a total value of $34,716.00. Following the sale, the director now owns 100,031 shares of the company's stock, valued at approximately $1,578,489.18. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.27% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Bridgewater Bancshares by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 877,833 shares of the company's stock worth $11,859,000 after purchasing an additional 40,683 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Bridgewater Bancshares by 13.3% in the 4th quarter. Alliancebernstein L.P. now owns 493,592 shares of the company's stock worth $6,668,000 after purchasing an additional 57,981 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Bridgewater Bancshares by 24.4% during the first quarter. American Century Companies Inc. now owns 385,997 shares of the company's stock valued at $5,361,000 after purchasing an additional 75,730 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Bridgewater Bancshares by 2.7% during the 1st quarter. Acadian Asset Management LLC now owns 370,052 shares of the company's stock valued at $5,138,000 after buying an additional 9,588 shares during the period. Finally, Tradition Wealth Management LLC grew its position in shares of Bridgewater Bancshares by 0.6% during the 1st quarter. Tradition Wealth Management LLC now owns 357,516 shares of the company's stock valued at $4,966,000 after acquiring an additional 2,175 shares during the period. Hedge funds and other institutional investors own 65.83% of the company's stock.

Analyst Ratings Changes

Separately, Piper Sandler reaffirmed an "overweight" rating and issued a $18.00 target price on shares of Bridgewater Bancshares in a report on Friday, April 25th.

Bridgewater Bancshares Stock Up 1.0%

Shares of NASDAQ BWB traded up $0.15 during trading on Tuesday, hitting $14.62. The stock had a trading volume of 54,971 shares, compared to its average volume of 63,924. The company has a market capitalization of $401.17 million, a PE ratio of 14.19 and a beta of 0.55. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average of $14.29 and a two-hundred day moving average of $14.21. Bridgewater Bancshares has a 12 month low of $10.52 and a 12 month high of $16.34.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $0.32 EPS for the quarter, beating 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 firm had revenue of $32.29 million during the quarter, compared to the consensus estimate of $29.88 million. As a group, equities research analysts forecast that Bridgewater Bancshares will post 1.38 EPS 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.