Bridgewater Bancshares Inc (NASDAQ:BWB) saw a large drop in short interest in July. As of July 15th, there was short interest totalling 109,900 shares, a drop of 81.1% from the June 15th total of 581,200 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 72,700 shares, the days-to-cover ratio is currently 1.5 days.

Institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of Bridgewater Bancshares by 392.7% in the 4th quarter. Legal & General Group Plc now owns 3,636 shares of the company’s stock valued at $38,000 after buying an additional 2,898 shares during the period. AlphaOne Investment Services LLC boosted its stake in 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 during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Bridgewater Bancshares by 466.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,903 shares of the company’s stock valued at $51,000 after purchasing an additional 4,037 shares during the last quarter. Citigroup Inc. boosted its stake in Bridgewater Bancshares by 333.9% during the 4th quarter. Citigroup Inc. now owns 5,867 shares of the company’s stock valued at $62,000 after purchasing an additional 4,515 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new position in Bridgewater Bancshares during the 4th quarter valued at about $89,000. Institutional investors own 41.34% of the company’s stock.

Shares of BWB stock traded up $0.26 during mid-day trading on Friday, hitting $11.95. The company’s stock had a trading volume of 55,240 shares, compared to its average volume of 52,686. The stock’s fifty day simple moving average is $11.45. Bridgewater Bancshares has a 52 week low of $9.30 and a 52 week high of $13.50. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.64. The company has a market cap of $359.34 million, a P/E ratio of 13.13, a PEG ratio of 0.79 and a beta of 0.93.

Bridgewater Bancshares (NASDAQ:BWB) last issued its earnings results on Thursday, July 25th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. The company had revenue of $19.27 million during the quarter, compared to the consensus estimate of $18.55 million. Bridgewater Bancshares had a return on equity of 13.22% and a net margin of 29.44%. On average, equities analysts forecast that Bridgewater Bancshares will post 0.99 EPS for the current year.

BWB has been the topic of several recent research reports. TheStreet downgraded Worthington Industries from a “b-” rating to a “c+” rating in a report on Monday, June 10th. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Finally, DA Davidson reissued a “neutral” rating on shares of IDEX in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price 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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