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

Bridgewater Bancshares, Inc. (NASDAQ:BWB - Get Free Report) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 162,300 shares, a growth of 16.4% from the October 15th total of 139,400 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 47,700 shares, the short-interest ratio is presently 3.4 days.

Bridgewater Bancshares Trading Down 0.5 %

NASDAQ:BWB traded down $0.08 during trading hours on Friday, hitting $14.89. The stock had a trading volume of 54,739 shares, compared to its average volume of 53,961. The business's 50 day moving average is $14.53 and its 200-day moving average is $13.08. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67. Bridgewater Bancshares has a one year low of $10.18 and a one year high of $16.00.

Insider Transactions at Bridgewater Bancshares

In related news, Director Douglas J. Parish sold 5,750 shares of the business's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $15.05, for a total value of $86,537.50. Following the completion of the transaction, the director now owns 1,636 shares in the company, valued at $24,621.80. The trade was a 77.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas P. Trutna sold 5,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 102,072 shares in the company, valued at approximately $1,440,235.92. This represents a 4.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 40,841 shares of company stock valued at $594,750. Company insiders own 23.21% of the company's stock.

Institutional Trading of Bridgewater Bancshares

Large investors have recently made changes to their positions in the company. Stieven Capital Advisors L.P. raised its position in Bridgewater Bancshares by 94.8% in the 1st quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company's stock valued at $3,428,000 after buying an additional 143,376 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Bridgewater Bancshares by 92.3% in the 1st quarter. Acadian Asset Management LLC now owns 289,173 shares of the company's stock valued at $3,364,000 after purchasing an additional 138,776 shares during the period. Kennedy Capital Management LLC acquired a new stake in Bridgewater Bancshares in the 1st quarter valued at about $1,396,000. Foundry Partners LLC grew its holdings in Bridgewater Bancshares by 111.7% during the third quarter. Foundry Partners LLC now owns 167,010 shares of the company's stock worth $2,367,000 after purchasing an additional 88,110 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Bridgewater Bancshares by 121.9% during the third quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company's stock worth $992,000 after buying an additional 38,461 shares during the last quarter. Institutional investors own 65.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an "overweight" rating in a research note on Monday, July 29th. DA Davidson lifted their price objective on Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a "buy" rating in a research note on Friday, July 26th.

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.