Bridgewater Bancshares, Inc. (NASDAQ:BWB) Short Interest Down 25.1% in October

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 139,400 shares, a decrease of 25.1% from the September 30th total of 186,000 shares. Based on an average trading volume of 43,600 shares, the short-interest ratio is currently 3.2 days. Approximately 0.7% of the company’s shares are short sold.

Insider Activity at Bridgewater Bancshares

In other news, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the transaction, the director now directly owns 102,072 shares in the company, valued at approximately $1,440,235.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Thomas P. Trutna sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total transaction of $70,550.00. Following the completion of the transaction, the director now owns 102,072 shares of the company’s stock, valued at approximately $1,440,235.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jerry J. Baack sold 11,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,228,514 shares in the company, valued at approximately $17,383,473.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 23.21% of the stock is currently owned by insiders.

Institutional Trading of Bridgewater Bancshares

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in Bridgewater Bancshares by 1.3% during the second quarter. Bank of New York Mellon Corp now owns 77,737 shares of the company’s stock worth $903,000 after purchasing an additional 994 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Bridgewater Bancshares by 4.1% during the 2nd quarter. Victory Capital Management Inc. now owns 63,700 shares of the company’s stock worth $740,000 after buying an additional 2,500 shares during the period. Sei Investments Co. grew its stake in Bridgewater Bancshares by 23.3% in the 2nd quarter. Sei Investments Co. now owns 14,360 shares of the company’s stock valued at $167,000 after buying an additional 2,713 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Bridgewater Bancshares in the 2nd quarter worth $35,000. Finally, Sippican Capital Advisors raised its holdings in Bridgewater Bancshares by 5.4% in the 3rd quarter. Sippican Capital Advisors now owns 85,510 shares of the company’s stock worth $1,212,000 after acquiring an additional 4,375 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

Bridgewater Bancshares Trading Down 1.4 %

Shares of Bridgewater Bancshares stock traded down $0.21 during trading on Tuesday, hitting $14.74. The stock had a trading volume of 60,868 shares, compared to its average volume of 51,945. The stock has a 50 day simple moving average of $14.26 and a 200 day simple moving average of $12.81. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.98. Bridgewater Bancshares has a 1 year low of $9.20 and a 1 year high of $15.66. The company has a market capitalization of $403.49 million, a PE ratio of 13.04 and a beta of 0.68.

Analyst Ratings Changes

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

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.