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

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 148,800 shares, a growth of 9.5% from the November 15th total of 135,900 shares. Based on an average daily trading volume, of 65,000 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.8% of the company's stock are short sold.

Insider Activity

In related news, Director David B. Juran sold 2,060 shares of the company's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $14.66, for a total value of $30,199.60. Following the completion of the transaction, the director now directly owns 1,341,407 shares of the company's stock, valued at $19,665,026.62. This represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Joseph M. Chybowski sold 3,000 shares of the firm'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 transaction of $46,530.00. Following the sale, the chief financial officer now directly owns 98,416 shares in the company, valued at approximately $1,526,432.16. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,046 shares of company stock worth $478,580. 23.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

A number of large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares in the 2nd quarter worth $35,000. BNP Paribas Financial Markets grew its stake 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 buying an additional 676 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bridgewater Bancshares in the third quarter worth $100,000. Sei Investments Co. lifted its holdings in shares of Bridgewater Bancshares by 23.3% during the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company's stock valued at $167,000 after acquiring an additional 2,713 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in Bridgewater Bancshares during the 3rd quarter worth $183,000. Hedge funds and other institutional investors own 65.83% of the company's stock.

Bridgewater Bancshares Stock Performance

NASDAQ:BWB traded down $0.08 during mid-day trading on Friday, reaching $15.07. 27,669 shares of the stock were exchanged, compared to its average volume of 56,445. The company has a 50 day simple moving average of $14.93 and a 200-day simple moving average of $13.57. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.11. 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 $413.31 million, a P/E ratio of 14.35 and a beta of 0.67.

About Bridgewater Bancshares

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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