Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Drops By 16.3%

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a large 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. Based on an average daily trading volume, of 53,000 shares, the short-interest ratio is presently 2.6 days. Approximately 0.7% of the company’s stock are sold short.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the completion of the sale, the director now owns 102,072 shares in the company, valued at $1,440,235.92. This trade represents a 4.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David B. Juran sold 14,531 shares of Bridgewater Bancshares stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $14.76, for a total transaction of $214,477.56. Following the completion of the transaction, the director now directly owns 5,469 shares of the company’s stock, valued at approximately $80,722.44. This trade represents a 72.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,546 shares of company stock worth $665,325. Insiders own 23.21% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bridgewater Bancshares during the 2nd quarter worth about $35,000. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Bridgewater Bancshares during the third quarter worth approximately $100,000. Sei Investments Co. grew its position 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 purchasing an additional 2,713 shares during the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of Bridgewater Bancshares during the third quarter worth approximately $183,000. 65.83% of the stock is currently owned by institutional investors.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB traded down $0.01 during mid-day trading on Friday, hitting $14.90. The stock had a trading volume of 29,799 shares, compared to its average volume of 78,352. The company’s 50 day simple moving average is $14.70 and its 200 day simple moving average is $13.32. The stock has a market cap of $408.65 million, a price-to-earnings ratio of 14.19 and a beta of 0.67. 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 twelve month low of $10.29 and a twelve month high of $16.00.

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.