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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 117,900 shares, a drop of 7.8% from the December 15th total of 127,900 shares. Based on an average daily volume of 69,600 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.6% of the company’s stock are sold short.

Bridgewater Bancshares Stock Up 0.9 %

Shares of NASDAQ:BWB traded up $0.12 during trading on Friday, hitting $13.28. 38,659 shares of the company were exchanged, compared to its average volume of 58,381. 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 firm’s 50 day moving average price is $14.29 and its 200-day moving average price is $13.98. The stock has a market capitalization of $364.27 million, a P/E ratio of 12.65 and a beta of 0.68. Bridgewater Bancshares has a 12-month low of $10.52 and a 12-month high of $16.00.

Insider Activity

In related news, Director David B. Juran sold 2,060 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $14.66, for a total value of $30,199.60. Following the sale, the director now owns 1,341,407 shares of the company’s stock, valued at $19,665,026.62. This trade represents a 0.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas P. Trutna sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $15.13, for a total transaction of $30,260.00. Following the completion of the sale, the director now owns 100,780 shares in the company, valued at $1,524,801.40. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,046 shares of company stock valued at $478,580. 23.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bridgewater Bancshares

Large investors have recently bought and sold shares of the stock. Foundry Partners LLC boosted its position in shares of Bridgewater Bancshares by 111.7% in the 3rd quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock valued at $2,367,000 after purchasing an additional 88,110 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Bridgewater Bancshares by 121.9% in the third quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock valued at $992,000 after acquiring an additional 38,461 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Bridgewater Bancshares by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock worth $9,171,000 after acquiring an additional 37,090 shares during the last quarter. Barclays PLC increased its holdings in shares of Bridgewater Bancshares by 283.4% in the 3rd quarter. Barclays PLC now owns 25,997 shares of the company’s stock valued at $369,000 after acquiring an additional 19,217 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Bridgewater Bancshares by 169.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,562 shares of the company’s stock worth $433,000 after purchasing an additional 19,201 shares during the period. Institutional investors and hedge funds own 65.83% of the company’s stock.

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.