Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 21.2% in July (2024)

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 118,000 shares, a decline of 21.2% from the July 15th total of 149,700 shares. Currently, 0.6% of the company's shares are sold short. Based on an average trading volume of 48,700 shares, the days-to-cover ratio is presently 2.4 days.

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Hedge Funds Weigh In On Bridgewater Bancshares

Several institutional investors have recently bought and sold shares of BWB. Kennedy Capital Management LLC bought a new stake in shares of Bridgewater Bancshares in the 1st quarter worth about $1,396,000. Russell Investments Group Ltd. increased its stake in Bridgewater Bancshares by 25.8% in the 4th quarter. Russell Investments Group Ltd. now owns 173,198 shares of the company's stock worth $2,342,000 after buying an additional 35,546 shares during the period. Vanguard Group Inc. increased its stake in Bridgewater Bancshares by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company's stock worth $12,243,000 after buying an additional 7,223 shares during the period. Quadrature Capital Ltd purchased a new position in Bridgewater Bancshares in the 4th quarter worth about $406,000. Finally, Strs Ohio increased its stake in Bridgewater Bancshares by 41.2% in the 4th quarter. Strs Ohio now owns 46,300 shares of the company's stock worth $625,000 after buying an additional 13,500 shares during the period. Institutional investors own 65.83% of the company's stock.

Wall Street Analyst Weigh In

BWB has been the topic of a number of analyst reports. DA Davidson boosted their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Piper Sandler boosted their price objective on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an "overweight" rating in a research note on Monday, July 29th.

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Bridgewater Bancshares Price Performance

Shares of NASDAQ:BWB traded up $0.25 during midday trading on Thursday, reaching $13.11. 31,892 shares of the company were exchanged, compared to its average volume of 55,689. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.08. The business's fifty day moving average is $12.28 and its two-hundred day moving average is $11.90. Bridgewater Bancshares has a one year low of $8.00 and a one year high of $14.90. The stock has a market cap of $358.87 million, a PE ratio of 11.60 and a beta of 0.69.

Bridgewater Bancshares (NASDAQ:BWB - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Bridgewater Bancshares had a net margin of 14.27% and a return on equity of 9.61%. The business had revenue of $62.64 million during the quarter, compared to analyst estimates of $26.60 million. During the same quarter last year, the business earned $0.31 earnings per share. As a group, analysts predict that Bridgewater Bancshares will post 1 earnings per share for the current year.

Bridgewater Bancshares Company Profile

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Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, entrepreneurs, business clients, and individuals in the United States. The company provides savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.

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