Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 14.0% in December

by · The Cerbat Gem

Bridgewater Bancshares, Inc. (NASDAQ:BWB – Get Free Report) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 127,900 shares, a decline of 14.0% from the November 30th total of 148,800 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 66,600 shares, the days-to-cover ratio is presently 1.9 days.

Insider Buying and Selling at Bridgewater Bancshares

In other Bridgewater Bancshares news, CFO Joseph M. Chybowski sold 3,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the transaction, the chief financial officer now directly owns 98,416 shares of the company’s stock, valued at $1,526,432.16. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David B. Juran sold 14,531 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $14.76, for a total transaction of $214,477.56. Following the completion of the transaction, the director now directly owns 5,469 shares in the company, valued at approximately $80,722.44. The trade was a 72.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,046 shares of company stock valued at $478,580 in the last 90 days. 23.21% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Foundry Partners LLC grew its position in Bridgewater Bancshares by 111.7% in the third quarter. Foundry Partners LLC now owns 167,010 shares of the company’s stock worth $2,367,000 after acquiring an additional 88,110 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Bridgewater Bancshares by 18.3% in the 2nd quarter. Acadian Asset Management LLC now owns 342,197 shares of the company’s stock worth $3,972,000 after purchasing an additional 53,024 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of Bridgewater Bancshares by 121.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock valued at $992,000 after purchasing an additional 38,461 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bridgewater Bancshares by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 789,993 shares of the company’s stock valued at $9,171,000 after buying an additional 37,090 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Bridgewater Bancshares by 283.4% during the 3rd quarter. Barclays PLC now owns 25,997 shares of the company’s stock valued at $369,000 after buying an additional 19,217 shares in the last quarter. 65.83% of the stock is currently owned by institutional investors.

Bridgewater Bancshares Price Performance

Bridgewater Bancshares stock traded up $0.11 during midday trading on Tuesday, hitting $13.51. 41,805 shares of the company’s stock were exchanged, compared to its average volume of 57,341. The stock has a 50-day moving average price of $14.75 and a two-hundred day moving average price of $13.80. Bridgewater Bancshares has a 52-week low of $10.52 and a 52-week high of $16.00. The company has a market cap of $370.53 million, a P/E ratio of 12.87 and a beta of 0.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bridgewater Bancshares Company Profile

(Get Free Report)

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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