Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Update

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a significant growth in short interest during 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. Based on an average daily volume of 47,700 shares, the days-to-cover ratio is presently 3.4 days. Currently, 0.8% of the shares of the company are short sold.

Bridgewater Bancshares Trading Down 0.5 %

Shares of Bridgewater Bancshares stock traded down $0.08 during trading hours on Friday, reaching $14.89. 54,739 shares of the company’s stock were exchanged, compared to its average volume of 69,685. Bridgewater Bancshares has a 52-week low of $10.18 and a 52-week high of $16.00. The company has a fifty day moving average of $14.53 and a 200-day moving average of $13.10. 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 firm has a market capitalization of $408.43 million, a price-to-earnings ratio of 14.18 and a beta of 0.67.

Analyst Upgrades and Downgrades

BWB has been the subject of a number of research analyst reports. DA Davidson raised their price target on Bridgewater Bancshares from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Piper Sandler lifted their target price on shares of Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th.

Insider Transactions at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.15, for a total value of $162,725.00. Following the completion of the transaction, the chief executive officer now owns 1,228,514 shares in the company, valued at $17,383,473.10. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas P. Trutna sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the sale, the director now directly 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. Insiders sold 40,841 shares of company stock worth $594,750 over the last 90 days. 23.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. purchased a new stake in Bridgewater Bancshares during the 2nd quarter worth $35,000. BNP Paribas Financial Markets increased its position in shares of Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock worth $63,000 after acquiring an additional 676 shares during the last quarter. SG Americas Securities LLC purchased a new position in Bridgewater Bancshares in the third quarter valued at about $100,000. Sei Investments Co. raised its holdings in Bridgewater Bancshares by 23.3% in the second quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after acquiring an additional 2,713 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Bridgewater Bancshares during the 1st quarter valued at $170,000. 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.