Bridgewater Bancshares, Inc. (NASDAQ:BWB) Sees Significant Decline in Short Interest

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 117,900 shares, a drop of 7.8% from the December 15th total of 127,900 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 69,600 shares, the short-interest ratio is currently 1.7 days.

Bridgewater Bancshares Stock Up 0.9 %

Shares of NASDAQ BWB traded up $0.12 during midday trading on Friday, reaching $13.28. The company’s stock had a trading volume of 38,659 shares, compared to its average volume of 58,381. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares has a fifty-two week low of $10.52 and a fifty-two week high of $16.00. The stock has a market capitalization of $364.27 million, a price-to-earnings ratio of 12.65 and a beta of 0.68. The stock has a 50 day simple moving average of $14.29 and a 200-day simple moving average of $13.97.

Insiders Place Their Bets

In other Bridgewater Bancshares news, Director David B. Juran sold 14,531 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $14.76, for a total transaction of $214,477.56. Following the sale, the director now directly owns 5,469 shares in the company, valued at approximately $80,722.44. This trade represents a 72.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James S. Johnson sold 4,705 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $15.00, for a total transaction of $70,575.00. Following the sale, the director now owns 93,646 shares in the company, valued at $1,404,690. This trade represents a 4.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,046 shares of company stock worth $478,580. Company insiders own 23.21% of the company’s stock.

Institutional Trading of Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its stake in shares of Bridgewater Bancshares by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock valued at $903,000 after buying an additional 994 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Bridgewater Bancshares by 4.1% in the second quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock valued at $740,000 after buying an additional 2,500 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Bridgewater Bancshares by 1.6% in the second quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after buying an additional 4,450 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bridgewater Bancshares by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after buying an additional 37,090 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Bridgewater Bancshares by 23.3% in the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after buying an additional 2,713 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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, 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.