Short Interest in Bridgewater Bancshares, Inc. (NASDAQ:BWB) Decreases By 14.0%

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 127,900 shares, a drop of 14.0% from the November 30th total of 148,800 shares. Based on an average daily volume of 66,600 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.6% of the company’s stock are short sold.

Insiders Place Their Bets

In related news, CFO Joseph M. Chybowski sold 3,000 shares of the stock in a transaction 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 directly owns 98,416 shares of the company’s stock, valued at approximately $1,526,432.16. This represents a 2.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas P. Trutna sold 2,000 shares of Bridgewater Bancshares 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 in the company, valued at $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. Over the last ninety days, insiders sold 32,046 shares of company stock worth $478,580. 23.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Bridgewater Bancshares by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after purchasing an additional 37,090 shares during the period. State Street Corp increased its holdings in Bridgewater Bancshares by 1.1% in the 3rd quarter. State Street Corp now owns 449,345 shares of the company’s stock worth $6,367,000 after acquiring an additional 4,874 shares during the last quarter. Acadian Asset Management LLC raised its stake in Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock valued at $3,972,000 after acquiring an additional 53,024 shares during the period. American Century Companies Inc. lifted its holdings in Bridgewater Bancshares by 1.6% during the second quarter. American Century Companies Inc. now owns 284,904 shares of the company’s stock valued at $3,308,000 after purchasing an additional 4,450 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Bridgewater Bancshares by 0.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 272,799 shares of the company’s stock worth $3,866,000 after purchasing an additional 2,170 shares during the period. 65.83% of the stock is currently owned by institutional investors.

Bridgewater Bancshares Stock Performance

Shares of BWB stock traded up $0.11 during trading on Tuesday, hitting $13.51. The company’s stock had a trading volume of 41,805 shares, compared to its average volume of 57,341. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11. The company has a market cap of $370.53 million, a PE ratio of 12.87 and a beta of 0.67. The business has a fifty day moving average of $14.75 and a 200-day moving average of $13.80. Bridgewater Bancshares has a 52 week low of $10.52 and a 52 week high of $16.00.

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.