Bridgewater Bancshares, Inc. (NASDAQ: BWB) Update on Short-Term Interest


Bridgewater Bancshares, Inc. (NASDAQ: BWB) benefited from a significant drop in short interest in December. As of December 15, there was short interest totaling 130,200 shares, down 18.2% from the total of 159,100 shares as of November 30. Currently 0.6% of the company’s shares are sold short. Based on an average daily volume of 36,000 shares, the short-term interest rate is currently 3.6 days.

Shares of Bridgewater Bancshares opened at $ 18.07 on Monday. Bridgewater Bancshares has a 12-month low of $ 12.75 and a 12-month high of $ 20.05. The company has a leverage ratio of 0.46, a quick ratio of 1.00, and a current ratio of 1.00. The stock has a market cap of $ 507.17 million, a PE ratio of 13.69 and a beta of 0.75. The company has a 50-day moving average of $ 17.94.

Bridgewater Bancshares (NASDAQ: BWB) last reported its results on Wednesday, October 27. The company reported earnings per share (EPS) of $ 0.40 for the quarter, beating the consensus estimate of $ 0.38 by $ 0.02 by the Zacks. Bridgewater Bancshares had a net margin of 29.17% and a return on equity of 15.08%. The company posted revenue of $ 30.08 million for the quarter, compared to analysts’ estimates of $ 28.70 million. On average, research analysts predict that Bridgewater Bancshares will post 1.53 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently increased or reduced their stakes in the company. Lazard Asset Management LLC acquired a new position in shares of Bridgewater Bancshares in the 2nd quarter valued at approximately $ 25,000. UBS Group AG increased its holdings of Bridgewater Bancshares shares by 128.4% in the 3rd quarter. UBS Group AG now owns 1,898 shares of the company valued at $ 33,000 after purchasing an additional 1,067 shares during the period. Citigroup Inc. increased its holdings of Bridgewater Bancshares shares by 83.2% in the 3rd quarter. Citigroup Inc. now owns 2,286 shares of the company valued at $ 40,000 after purchasing an additional 1,038 shares during the period. Metropolitan Life Insurance Co NY increased its holdings of Bridgewater Bancshares shares by 45,857.1% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 3,217 shares of the company valued at $ 52,000 after purchasing an additional 3,210 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Bridgewater Bancshares shares by 278.6% in the third quarter. BNP Paribas Arbitrage SA now owns 4,574 shares of the company valued at $ 80,000 after purchasing an additional 3,366 shares during the period. 48.67% of the shares are held by institutional investors.

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A number of stock analysts have recently commented on BWB stocks. Zacks investment research upgraded Bridgewater Bancshares shares from a “sell” rating to a “custody” rating and set a target price of $ 21.00 for the company in a research note on Monday, November 1. B. Riley reduced his price target for Bridgewater Bancshares shares from $ 22.00 to $ 21.00 and set a “buy” rating for the company in a research note on Wednesday, October 6.

About Bridgewater Bancshares

Bridgewater Bancshares, Inc is a holding company that provides loan and deposit services to individuals and businesses. It offers deposits, loans, professional services and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is headquartered in Bloomington, MN.

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