Bridgewater Bancshares, Inc. Price & Performance (BWB)

Bridgewater Bancshares experienced a 21.6% increase in short interest during February, reaching 115,200 shares. This marks a notable rise from January’s total of 94,700 shares. With an average daily trading volume of 70,100 shares, the days-to-cover ratio now stands at 1.6. This trend reflects heightened market activity and investor scrutiny.12

Wall Street analysts have revised their outlook on Bridgewater Bancshares. Piper Sandler reduced its price target from $18 to $17, maintaining an “overweight” rating, while DA Davidson reaffirmed a “buy” rating with an $18 target. These adjustments follow the company’s recent earnings beat, signaling a mixed yet optimistic sentiment.34

Bridgewater Bancshares reported a 5.2% drop in revenue for FY 2024, totaling $106 million. Net income also fell by 20% to $28.8 million, with profit margins declining to 27%. Despite these challenges, the company exceeded EPS expectations, showcasing resilience amidst financial headwinds.56