Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Update

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 135,900 shares, a decline of 16.3% from the October 31st total of 162,300 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 53,000 shares, the days-to-cover ratio is presently 2.6 days.

Insider Activity at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director James S. Johnson sold 4,705 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $15.00, for a total value of $70,575.00. Following the transaction, the director now directly owns 93,646 shares in the company, valued at approximately $1,404,690. This trade represents a 4.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas P. Trutna sold 5,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total value of $70,550.00. Following the sale, the director now owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. The trade was a 4.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,546 shares of company stock valued at $665,325 over the last ninety days. 23.21% of the stock is owned by insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Bridgewater Bancshares by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,051,832 shares of the company’s stock valued at $12,243,000 after purchasing an additional 7,223 shares during the period. Dimensional Fund Advisors LP boosted its holdings 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 during the period. State Street Corp increased its position in shares of Bridgewater Bancshares by 1.1% during the third quarter. State Street Corp now owns 449,345 shares of the company’s stock worth $6,367,000 after acquiring an additional 4,874 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Bridgewater Bancshares by 18.3% during the second quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock worth $3,972,000 after acquiring an additional 53,024 shares during the period. Finally, American Century Companies Inc. lifted its position in 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 in the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Trading Down 0.1 %

NASDAQ:BWB traded down $0.01 during mid-day trading on Friday, hitting $14.90. The company had a trading volume of 29,799 shares, compared to its average volume of 78,352. 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 $10.29 and a fifty-two week high of $16.00. The firm has a market cap of $408.65 million, a P/E ratio of 14.19 and a beta of 0.67. The business’s fifty day moving average is $14.70 and its two-hundred day moving average is $13.32.

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.