Bridgewater Bancshares Inc (NASDAQ:BWB) Short Interest Update

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Bridgewater Bancshares Inc (NASDAQ:BWB) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 125,800 shares, a growth of 38.4% from the July 31st total of 90,900 shares. Based on an average trading volume of 61,100 shares, the short-interest ratio is presently 2.1 days. Approximately 0.7% of the shares of the stock are short sold.

Shares of BWB stock traded down $0.04 during mid-day trading on Thursday, reaching $11.74. The stock had a trading volume of 840 shares, compared to its average volume of 65,614. The stock’s 50-day moving average price is $11.46 and its two-hundred day moving average price is $11.11. Bridgewater Bancshares has a 52-week low of $9.30 and a 52-week high of $13.50. The firm has a market capitalization of $331.45 million, a PE ratio of 12.92, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.73.

Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. Bridgewater Bancshares had a net margin of 29.44% and a return on equity of 13.11%. The firm had revenue of $19.27 million for the quarter, compared to analysts’ expectations of $18.55 million. On average, equities research analysts forecast that Bridgewater Bancshares will post 1.02 earnings per share for the current year.

A number of brokerages recently commented on BWB. TheStreet upgraded shares of Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research report on Monday, June 10th. DA Davidson reiterated a “buy” rating on shares of Bridgewater Bancshares in a research report on Friday, July 26th. Finally, Zacks Investment Research upgraded shares of Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.00.

Several hedge funds have recently added to or reduced their stakes in BWB. AlphaOne Investment Services LLC boosted its stake in shares of Bridgewater Bancshares by 42.7% during the 1st 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 in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Bridgewater Bancshares by 466.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock worth $51,000 after buying an additional 4,037 shares in the last quarter. JNBA Financial Advisors bought a new position in shares of Bridgewater Bancshares in the second quarter worth approximately $104,000. Parametric Portfolio Associates LLC lifted its stake in shares of Bridgewater Bancshares by 46.9% in the second quarter. Parametric Portfolio Associates LLC now owns 16,865 shares of the company’s stock worth $195,000 after buying an additional 5,385 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Bridgewater Bancshares by 189.1% in the fourth quarter. Deutsche Bank AG now owns 30,675 shares of the company’s stock worth $323,000 after buying an additional 20,066 shares in the last quarter. Hedge funds and other institutional investors own 44.92% of the company’s stock.

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, 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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