Bridgewater Bancshares Inc (NASDAQ:BWB) Sees Significant Decrease in Short Interest

Bridgewater Bancshares Inc (NASDAQ:BWB) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totalling 90,900 shares, a decrease of 17.3% from the June 30th total of 109,900 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 73,000 shares, the short-interest ratio is presently 1.2 days.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Bridgewater Bancshares by 4.4% during the second quarter. BlackRock Inc. now owns 1,316,550 shares of the company’s stock valued at $15,194,000 after purchasing an additional 54,928 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Bridgewater Bancshares by 23.7% during the second quarter. Vanguard Group Inc. now owns 945,321 shares of the company’s stock valued at $10,909,000 after purchasing an additional 180,929 shares in the last quarter. GW&K Investment Management LLC purchased a new position in Bridgewater Bancshares during the second quarter valued at $4,551,000. Banc Funds Co. LLC raised its position in shares of Bridgewater Bancshares by 49.1% in the second quarter. Banc Funds Co. LLC now owns 266,652 shares of the company’s stock valued at $3,077,000 after buying an additional 87,800 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Bridgewater Bancshares by 4.5% in the second quarter. Northern Trust Corp now owns 222,152 shares of the company’s stock valued at $2,563,000 after buying an additional 9,554 shares during the last quarter. 42.68% of the stock is currently owned by institutional investors and hedge funds.

BWB traded up $0.12 during midday trading on Thursday, hitting $11.34. 5,660 shares of the company traded hands, compared to its average volume of 49,746. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $344.00 million, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 0.74 and a beta of 0.93. Bridgewater Bancshares has a 52-week low of $9.30 and a 52-week high of $13.50. The stock’s 50 day moving average price is $11.58.



Bridgewater Bancshares (NASDAQ:BWB) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The business had revenue of $19.27 million for the quarter, compared to the consensus estimate of $18.55 million. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.22%. Equities analysts expect that Bridgewater Bancshares will post 1.02 EPS for the current year.

A number of analysts recently issued reports on BWB shares. DA Davidson reissued a “buy” rating on shares of Bridgewater Bancshares in a report on Friday, July 26th. TheStreet raised shares of Bridgewater Bancshares from a “d+” rating to a “c-” rating in a report on Monday, June 10th. Finally, Zacks Investment Research raised shares of Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 price target on the stock in a report on Monday, July 29th. One analyst has rated the stock with a sell rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.00.

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, small business entrepreneurs, and high-net-worth individuals in the United States. It offers demand, savings and money market, time, interest and noninterest bearing transaction, and brokered deposits, as well as certificates of deposit.

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