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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a large 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 short sold. Based on an average daily trading volume, of 69,600 shares, the days-to-cover ratio is currently 1.7 days.

Insider Buying and Selling at Bridgewater Bancshares

In other news, Director Thomas P. Trutna sold 2,000 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total value of $30,260.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David B. Juran sold 2,060 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were 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 have sold 32,046 shares of company stock valued at $478,580 in the last 90 days. 23.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BWB. Dimensional Fund Advisors LP raised its position in shares of Bridgewater Bancshares by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after acquiring an additional 37,090 shares during the period. State Street Corp raised its position in shares of Bridgewater Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 449,345 shares of the company’s stock valued at $6,367,000 after acquiring an additional 4,874 shares during the period. American Century Companies Inc. raised its position in shares of Bridgewater Bancshares by 1.6% in the 2nd quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after acquiring an additional 4,450 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Bridgewater Bancshares by 0.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock valued at $3,866,000 after acquiring an additional 2,170 shares during the period. Finally, Foundry Partners LLC raised its position in shares of Bridgewater Bancshares by 111.7% in the 3rd quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock valued at $2,367,000 after acquiring an additional 88,110 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Trading Up 0.9 %

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

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.