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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a significant growth in short interest in 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 trading volume of 65,000 shares, the short-interest ratio is currently 2.3 days. Approximately 0.8% of the company’s stock are short sold.

Insider Activity

In other Bridgewater Bancshares news, Director David B. Juran sold 14,531 shares of the stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $14.76, for a total transaction of $214,477.56. Following the transaction, the director now directly owns 5,469 shares in the company, valued at $80,722.44. This represents a 72.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas P. Trutna sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $15.13, for a total transaction of $30,260.00. Following the transaction, the director now directly owns 100,780 shares of the company’s stock, valued at approximately $1,524,801.40. This represents a 1.95 % 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. Corporate insiders own 23.21% of the company’s stock.

Institutional Investors Weigh In On Bridgewater Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in shares of 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 purchasing an additional 676 shares during the period. Empowered Funds LLC grew its stake in Bridgewater Bancshares by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 16,523 shares of the company’s stock worth $234,000 after buying an additional 804 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Bridgewater Bancshares by 1.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock worth $903,000 after buying an additional 994 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in Bridgewater Bancshares by 0.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock worth $3,866,000 after buying an additional 2,170 shares during the period. Finally, Jane Street Group LLC lifted its stake in Bridgewater Bancshares by 11.4% in the third quarter. Jane Street Group LLC now owns 23,696 shares of the company’s stock valued at $336,000 after buying an additional 2,422 shares during the last quarter. Institutional investors and hedge funds own 65.83% of the company’s stock.

Bridgewater Bancshares Stock Performance

Bridgewater Bancshares stock traded down $0.08 during mid-day trading on Friday, reaching $15.07. The company’s stock had a trading volume of 27,669 shares, compared to its average volume of 56,445. The business has a 50 day moving average price of $14.93 and a 200-day moving average price of $13.57. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. Bridgewater Bancshares has a twelve month low of $10.52 and a twelve month high of $16.00. The firm has a market cap of $413.31 million, a price-to-earnings 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.