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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 139,400 shares, a decline of 25.1% from the September 30th total of 186,000 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 43,600 shares, the days-to-cover ratio is presently 3.2 days.

Insiders Place Their Bets

In related news, CEO Jerry J. Baack sold 11,500 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $14.15, for a total transaction of $162,725.00. Following the completion of the transaction, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, valued at approximately $17,383,473.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas P. Trutna sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $14.11, for a total value of $70,550.00. Following the sale, the director now directly owns 102,072 shares in the company, valued at $1,440,235.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $162,725.00. Following the completion of the transaction, the chief executive officer now directly owns 1,228,514 shares of the company’s stock, 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. Corporate insiders own 23.21% of the company’s stock.

Institutional Investors Weigh In On Bridgewater Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of BWB. Stieven Capital Advisors L.P. raised its stake in Bridgewater Bancshares by 94.8% in the first quarter. Stieven Capital Advisors L.P. now owns 294,537 shares of the company’s stock valued at $3,428,000 after buying an additional 143,376 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Bridgewater Bancshares by 92.3% in the 1st quarter. Acadian Asset Management LLC now owns 289,173 shares of the company’s stock worth $3,364,000 after purchasing an additional 138,776 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in Bridgewater Bancshares during the 1st quarter worth approximately $1,396,000. Assenagon Asset Management S.A. grew its position in Bridgewater Bancshares by 121.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 70,025 shares of the company’s stock worth $992,000 after purchasing an additional 38,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in 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 purchasing an additional 37,090 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BWB. DA Davidson increased their price objective on shares of Bridgewater Bancshares from $14.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Piper Sandler increased their price target on Bridgewater Bancshares from $13.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, July 29th.

Bridgewater Bancshares Stock Down 1.4 %

Bridgewater Bancshares stock traded down $0.21 during mid-day trading on Tuesday, reaching $14.74. 60,868 shares of the company were exchanged, compared to its average volume of 51,945. Bridgewater Bancshares has a 12-month low of $9.20 and a 12-month high of $15.66. The business has a fifty day moving average of $14.26 and a 200 day moving average of $12.81. The firm has a market cap of $403.49 million, a P/E ratio of 13.04 and a beta of 0.68. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.02 and a current ratio of 1.02.

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.