Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Drops By 7.8%

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 117,900 shares, a decrease of 7.8% from the December 15th total of 127,900 shares. Based on an average trading volume of 69,600 shares, the short-interest ratio is currently 1.7 days. Approximately 0.6% of the shares of the stock are sold short.

Insider Buying and Selling

In other news, Director David B. Juran sold 2,060 shares of Bridgewater Bancshares stock in a transaction that occurred 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 directly owns 1,341,407 shares in the company, valued at approximately $19,665,026.62. This trade represents a 0.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joseph M. Chybowski sold 3,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 98,416 shares in the company, valued at approximately $1,526,432.16. This represents a 2.96 % 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 over the last quarter. Company insiders own 23.21% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares in the 2nd quarter worth approximately $35,000. BNP Paribas Financial Markets boosted its position in shares of Bridgewater Bancshares by 18.0% in the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company's stock worth $63,000 after buying an additional 676 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Bridgewater Bancshares during the third quarter valued at approximately $100,000. Sei Investments Co. boosted its holdings in 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 Bridgewater Bancshares during the 3rd quarter valued at $183,000. 65.83% of the stock is owned by hedge funds and other institutional investors.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock traded up $0.12 during trading hours on Friday, hitting $13.28. The stock had a trading volume of 38,659 shares, compared to its average volume of 58,381. Bridgewater Bancshares has a 1-year low of $10.52 and a 1-year high of $16.00. The stock has a market capitalization of $364.27 million, a price-to-earnings ratio of 12.65 and a beta of 0.68. 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 stock's fifty day moving average is $14.29 and its two-hundred day moving average is $14.00.

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.