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

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

Analysts Set New Price Targets

Separately, Piper Sandler reissued an "overweight" rating and issued a $18.00 price objective on shares of Bridgewater Bancshares in a research note on Friday, April 25th.

Insiders Place Their Bets

In related news, Director Thomas P. Trutna sold 2,200 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $15.78, for a total value of $34,716.00. Following the completion of the sale, the director now directly owns 100,031 shares in the company, valued at $1,578,489.18. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 23.27% of the company's stock.

Institutional Investors Weigh In On Bridgewater Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 1,248 shares during the last quarter. Empowered Funds LLC raised its position in Bridgewater Bancshares by 5.4% in the 4th quarter. Empowered Funds LLC now owns 17,418 shares of the company's stock valued at $235,000 after buying an additional 895 shares during the last quarter. Stieven Capital Advisors L.P. boosted its holdings in Bridgewater Bancshares by 56.1% during the 4th quarter. Stieven Capital Advisors L.P. now owns 239,989 shares of the company's stock worth $3,242,000 after acquiring an additional 86,200 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Bridgewater Bancshares in the 4th quarter worth $157,000. Finally, Victory Capital Management Inc. raised its holdings in shares of Bridgewater Bancshares by 12.2% in the fourth quarter. Victory Capital Management Inc. now owns 70,000 shares of the company's stock valued at $946,000 after purchasing an additional 7,600 shares during the last quarter. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Stock Up 0.6%

BWB stock traded up $0.08 during trading on Thursday, reaching $14.58. 13,754 shares of the stock were exchanged, compared to its average volume of 63,824. 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 twelve month low of $10.52 and a twelve month high of $16.34. The firm's 50 day moving average is $14.31 and its 200 day moving average is $14.21. The firm has a market cap of $400.08 million, a P/E ratio of 14.16 and a beta of 0.52.

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

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.