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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 117,900 shares, a decline of 7.8% from the December 15th total of 127,900 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 69,600 shares, the short-interest ratio is presently 1.7 days.

Insider Activity

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the transaction, the director now owns 100,780 shares in the company, valued at approximately $1,524,801.40. The trade was a 1.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph M. Chybowski sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the chief financial officer now directly owns 98,416 shares of the company’s stock, valued at $1,526,432.16. This represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,046 shares of company stock valued at $478,580. Company insiders own 23.21% of the company’s stock.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of large investors have recently made changes to their positions in BWB. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares during the second quarter worth $35,000. BNP Paribas Financial Markets boosted its position in shares of Bridgewater Bancshares by 18.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after buying an additional 676 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Bridgewater Bancshares in the 3rd quarter valued at about $100,000. D.A. Davidson & CO. purchased a new position in Bridgewater Bancshares during the 3rd quarter valued at about $183,000. Finally, Martingale Asset Management L P acquired a new position in Bridgewater Bancshares during the third quarter worth about $185,000. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Bridgewater Bancshares Price Performance

NASDAQ:BWB traded up $0.12 during trading hours on Friday, hitting $13.28. The company’s stock had a trading volume of 38,659 shares, compared to its average volume of 58,381. Bridgewater Bancshares has a 52-week low of $10.52 and a 52-week high of $16.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The business’s 50-day moving average is $14.29 and its two-hundred day moving average is $13.98. The company has a market capitalization of $364.27 million, a PE ratio of 12.65 and a beta of 0.68.

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.