Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Up 16.4% in October

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 162,300 shares, a growth of 16.4% from the October 15th total of 139,400 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 47,700 shares, the days-to-cover ratio is currently 3.4 days.

Analyst Ratings Changes

BWB has been the topic of several recent research reports. DA Davidson increased their price target on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler lifted their target price on Bridgewater Bancshares from $13.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, July 29th.

Bridgewater Bancshares Stock Performance

Shares of NASDAQ BWB opened at $14.89 on Friday. The stock has a market cap of $408.43 million, a PE ratio of 14.18 and a beta of 0.67. Bridgewater Bancshares has a 1 year low of $10.18 and a 1 year high of $16.00. The firm has a fifty day moving average price of $14.53 and a 200-day moving average price of $13.08. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02.

Insider Activity

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 5,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total transaction of $70,550.00. Following the transaction, the director now owns 102,072 shares in the company, valued at approximately $1,440,235.92. This represents a 4.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David B. Juran sold 2,060 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.66, for a total transaction of $30,199.60. Following the completion of the sale, the director now owns 1,341,407 shares in the company, valued at $19,665,026.62. This represents a 0.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,841 shares of company stock worth $594,750 over the last three months. 23.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its position in shares of Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after purchasing an additional 676 shares in the last quarter. Empowered Funds LLC boosted its stake in Bridgewater Bancshares by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock worth $234,000 after purchasing an additional 804 shares during the period. Bank of New York Mellon Corp grew its holdings in Bridgewater Bancshares by 1.3% during the 2nd 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. Hotchkis & Wiley Capital Management LLC raised its position in shares of Bridgewater Bancshares by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock valued at $3,866,000 after buying an additional 2,170 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Bridgewater Bancshares by 11.4% in the third quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock worth $336,000 after buying an additional 2,422 shares in the last quarter. 65.83% of the stock is owned by institutional investors.

Bridgewater Bancshares Company Profile

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.