Bridgewater Bancshares Inc (NASDAQ:BWB) Short Interest Update

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Bridgewater Bancshares Inc (NASDAQ:BWB) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 197,200 shares, a growth of 86.2% from the April 30th total of 105,900 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 67,400 shares, the days-to-cover ratio is currently 2.9 days.

A number of hedge funds have recently bought and sold shares of BWB. Banc Funds Co. LLC boosted its position in shares of Bridgewater Bancshares by 78.9% in the first quarter. Banc Funds Co. LLC now owns 178,852 shares of the company’s stock worth $1,844,000 after buying an additional 78,852 shares during the period. AlphaOne Investment Services LLC boosted its position in Bridgewater Bancshares by 42.7% during the first quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock valued at $45,000 after purchasing an additional 1,300 shares during the last quarter. Acadian Asset Management LLC boosted its position in Bridgewater Bancshares by 139.1% during the first quarter. Acadian Asset Management LLC now owns 70,451 shares of the company’s stock valued at $728,000 after purchasing an additional 40,984 shares during the last quarter. Victory Capital Management Inc. boosted its position in Bridgewater Bancshares by 10.5% during the first quarter. Victory Capital Management Inc. now owns 115,550 shares of the company’s stock valued at $1,191,000 after purchasing an additional 10,950 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Bridgewater Bancshares by 466.2% during the first quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock valued at $51,000 after purchasing an additional 4,037 shares during the last quarter. Hedge funds and other institutional investors own 41.34% of the company’s stock.

A number of equities analysts recently commented on BWB shares. B. Riley started coverage on Bridgewater Bancshares in a report on Friday, March 15th. They set a “buy” rating and a $14.00 target price for the company. DA Davidson restated a “buy” rating on shares of Bridgewater Bancshares in a report on Friday, April 26th. TheStreet upgraded Bridgewater Bancshares from a “d+” rating to a “c-” rating in a report on Monday, June 10th. Zacks Investment Research upgraded Bridgewater Bancshares from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, ValuEngine cut Bridgewater Bancshares from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Bridgewater Bancshares presently has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of BWB traded up $0.10 during midday trading on Wednesday, hitting $11.34. The company had a trading volume of 483 shares, compared to its average volume of 83,907. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $337.69 million, a PE ratio of 12.35, a PEG ratio of 0.76 and a beta of 0.92. Bridgewater Bancshares has a 1 year low of $9.30 and a 1 year high of $13.50.

Bridgewater Bancshares (NASDAQ:BWB) last posted its earnings results on Thursday, April 25th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The business had revenue of $17.77 million for the quarter, compared to analysts’ expectations of $18.30 million. Bridgewater Bancshares had a return on equity of 12.88% and a net margin of 29.91%. Analysts predict that Bridgewater Bancshares will post 0.99 EPS for the current year.

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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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