Bridgewater Bancshares Inc (NASDAQ:BWB) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 125,800 shares, an increase of 38.4% from the July 31st total of 90,900 shares. Based on an average daily volume of 61,100 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.7% of the shares of the stock are sold short.
Several large investors have recently added to or reduced their stakes in BWB. Deutsche Bank AG raised its holdings in shares of Bridgewater Bancshares by 189.1% in the 4th quarter. Deutsche Bank AG now owns 30,675 shares of the company’s stock valued at $323,000 after acquiring an additional 20,066 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Bridgewater Bancshares by 466.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock valued at $51,000 after acquiring an additional 4,037 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Bridgewater Bancshares by 10.5% in the 1st quarter. Victory Capital Management Inc. now owns 115,550 shares of the company’s stock valued at $1,191,000 after acquiring an additional 10,950 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Bridgewater Bancshares by 139.1% in the 1st quarter. Acadian Asset Management LLC now owns 70,451 shares of the company’s stock valued at $728,000 after acquiring an additional 40,984 shares in the last quarter. Finally, AlphaOne Investment Services LLC raised its holdings in shares of Bridgewater Bancshares by 42.7% in the 1st quarter. AlphaOne Investment Services LLC now owns 4,343 shares of the company’s stock valued at $45,000 after acquiring an additional 1,300 shares in the last quarter. 44.92% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ BWB opened at $11.78 on Thursday. The business has a 50-day simple moving average of $11.46 and a two-hundred day simple moving average of $11.11. Bridgewater Bancshares has a 52 week low of $9.30 and a 52 week high of $13.50. The company has a market cap of $331.45 million, a P/E ratio of 12.95, a P/E/G ratio of 0.75 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.73.
Bridgewater Bancshares (NASDAQ:BWB) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a return on equity of 13.11% and a net margin of 29.44%. The firm had revenue of $19.27 million for the quarter, compared to analysts’ expectations of $18.55 million. Equities research analysts anticipate that Bridgewater Bancshares will post 1.02 EPS for the current year.
Several research analysts have commented on the company. TheStreet upgraded Bridgewater Bancshares from a “d+” rating to a “c-” rating in a research note on Monday, June 10th. DA Davidson restated a “buy” rating on shares of Bridgewater Bancshares in a research note on Friday, July 26th. Finally, Zacks Investment Research upgraded Bridgewater Bancshares from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $14.00.
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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