Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Sees Large Increase in Short Interest

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP – Get Rating) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 2,300 shares, a growth of 2,200.0% from the April 30th total of 100 shares. Based on an average daily volume of 2,500 shares, the short-interest ratio is currently 0.9 days.

Bridgewater Bancshares Stock Down 0.6 %

Shares of BWBBP opened at $15.40 on Friday. Bridgewater Bancshares has a 52-week low of $14.48 and a 52-week high of $25.17. The stock has a fifty day simple moving average of $17.53 and a two-hundred day simple moving average of $19.65.

Bridgewater Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be paid a $0.3672 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date is Friday, May 12th.

Insider Buying and Selling at Bridgewater Bancshares

In other news, CFO Joseph M. Chybowski acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were bought at an average price of $8.04 per share, for a total transaction of $80,400.00. Following the acquisition, the chief financial officer now owns 95,617 shares of the company’s stock, valued at approximately $768,760.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Joseph M. Chybowski bought 10,000 shares of the business’s stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of $8.04 per share, with a total value of $80,400.00. Following the purchase, the chief financial officer now directly owns 95,617 shares of the company’s stock, valued at $768,760.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nicholas L. Place bought 3,300 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was bought at an average cost of $9.25 per share, with a total value of $30,525.00. Following the completion of the purchase, the insider now directly owns 106,853 shares in the company, valued at $988,390.25. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 13,875 shares of company stock worth $119,550.

About Bridgewater Bancshares

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Bridgewater Bancshares, Inc operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit.