Bridgewater Bancshares, Inc. (NASDAQ:BWB) Sees Large Drop in Short Interest

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 127,900 shares, a decrease of 14.0% from the November 30th total of 148,800 shares. Based on an average trading volume of 66,600 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the shares of the company are short sold.

Bridgewater Bancshares Price Performance

Shares of BWB traded up $0.11 during mid-day trading on Tuesday, reaching $13.51. The company had a trading volume of 41,805 shares, compared to its average volume of 57,341. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $370.53 million, a P/E ratio of 12.87 and a beta of 0.67. Bridgewater Bancshares has a twelve month low of $10.52 and a twelve month high of $16.00. The company's 50-day moving average is $14.75 and its 200-day moving average is $13.80.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, Director Thomas P. Trutna sold 2,000 shares of the firm'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 value of $30,260.00. Following the completion of the sale, the director now owns 100,780 shares in the company, valued at approximately $1,524,801.40. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Joseph M. Chybowski sold 3,000 shares of the firm's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the transaction, the chief financial officer now directly owns 98,416 shares of the company's stock, valued at approximately $1,526,432.16. This trade represents a 2.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,046 shares of company stock worth $478,580 over the last ninety days. Company insiders own 23.21% of the company's stock.

Institutional Trading of Bridgewater Bancshares

A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Bridgewater Bancshares during the second quarter worth approximately $35,000. BNP Paribas Financial Markets grew its position in Bridgewater Bancshares by 18.0% during the 3rd 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 Bridgewater Bancshares during the 3rd quarter worth approximately $100,000. D.A. Davidson & CO. acquired a new stake in Bridgewater Bancshares during the 3rd quarter valued at $183,000. Finally, Martingale Asset Management L P bought a new position in Bridgewater Bancshares in the 3rd quarter valued at $185,000. 65.83% of the stock is currently 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.

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