Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Up 9.5% in November

Bridgewater Bancshares, Inc. (NASDAQ:BWB) saw a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 148,800 shares, an increase of 9.5% from the November 15th total of 135,900 shares. Based on an average daily volume of 65,000 shares, the short-interest ratio is presently 2.3 days. Currently, 0.8% of the shares of the company are sold short.

Insider Activity

In other news, 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 value of $30,260.00. Following the completion of the transaction, the director now directly owns 100,780 shares in the company, valued at approximately $1,524,801.40. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David B. Juran sold 2,060 shares of the business’s stock in a transaction 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 in the company, valued at approximately $19,665,026.62. The trade was a 0.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,046 shares of company stock valued at $478,580 over the last quarter. Company insiders own 23.21% of the company’s stock.

Institutional Trading of Bridgewater Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of BWB. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Bridgewater Bancshares during the 2nd quarter valued at $35,000. BNP Paribas Financial Markets boosted its stake in Bridgewater Bancshares by 18.0% during the third quarter. BNP Paribas Financial Markets now owns 4,424 shares of the company’s stock valued at $63,000 after buying an additional 676 shares during the period. SG Americas Securities LLC bought a new stake in Bridgewater Bancshares during the third quarter valued at $100,000. D.A. Davidson & CO. purchased a new position in Bridgewater Bancshares during the third quarter worth about $183,000. Finally, Martingale Asset Management L P bought a new position in Bridgewater Bancshares in the 3rd quarter worth about $185,000. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

Bridgewater Bancshares Price Performance

BWB stock opened at $15.25 on Tuesday. The firm has a 50 day moving average of $14.95 and a 200-day moving average of $13.60. The firm has a market capitalization of $418.25 million, a P/E ratio of 14.52 and a beta of 0.67. Bridgewater Bancshares has a 12 month low of $10.52 and a 12 month high of $16.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.11.

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.