Bridgewater Bancshares Inc (NASDAQ:BWB) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 380,900 shares, a growth of 93.6% from the January 15th total of 196,700 shares. Based on an average daily trading volume, of 72,100 shares, the days-to-cover ratio is presently 5.3 days. Approximately 1.7% of the company’s stock are short sold.

In other Bridgewater Bancshares news, COO Mary Jayne Crocker sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $12.84, for a total value of $321,000.00. 17.31% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in BWB. Meeder Asset Management Inc. acquired a new stake in shares of Bridgewater Bancshares in the third quarter valued at approximately $32,000. Citigroup Inc. boosted its stake in shares of Bridgewater Bancshares by 65.1% during the 4th quarter. Citigroup Inc. now owns 5,242 shares of the company’s stock worth $72,000 after acquiring an additional 2,067 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of Bridgewater Bancshares by 18.7% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 8,382 shares of the company’s stock worth $100,000 after acquiring an additional 1,322 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth approximately $114,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Bridgewater Bancshares during the 3rd quarter worth approximately $124,000. 44.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of BWB stock opened at $13.60 on Thursday. The stock’s 50-day simple moving average is $13.42 and its 200-day simple moving average is $12.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $391.42 million, a PE ratio of 12.95 and a beta of 1.03. Bridgewater Bancshares has a fifty-two week low of $10.15 and a fifty-two week high of $13.90.

Bridgewater Bancshares (NASDAQ:BWB) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $21.04 million for the quarter, compared to analyst estimates of $20.06 million. Bridgewater Bancshares had a return on equity of 13.52% and a net margin of 29.18%. Sell-side analysts forecast that Bridgewater Bancshares will post 1.1 earnings per share for the current year.

Several brokerages have weighed in on BWB. Zacks Investment Research upgraded Bridgewater Bancshares from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, January 28th. ValuEngine lowered Bridgewater Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 23rd. Finally, B. Riley reissued a “buy” rating and issued a $16.00 price target on shares of Bridgewater Bancshares in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Bridgewater Bancshares presently has an average rating of “Buy” and an average target price of $15.50.

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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