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Bridgewater Bancshares, Inc. (NASDAQ:BWBBP) Short Interest Up 200.0% in December

Financial News Live ·  Jan 17, 2023 16:01

Bridgewater Bancshares, Inc. (NASDAQ:BWBBP – Get Rating) was the target of a significant growth in short interest during the month of December. As of December 30th, there was short interest totalling 300 shares, a growth of 200.0% from the December 15th total of 100 shares. Based on an average daily trading volume, of 1,400 shares, the days-to-cover ratio is currently 0.2 days.

Bridgewater Bancshares Trading Down 0.4 %

Bridgewater Bancshares stock traded down $0.09 on Tuesday, hitting $21.36. The company's stock had a trading volume of 1,800 shares, compared to its average volume of 2,083. The company has a fifty day moving average price of $20.57 and a 200-day moving average price of $21.65. Bridgewater Bancshares has a one year low of $18.50 and a one year high of $26.26.

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Bridgewater Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Stockholders of record on Tuesday, November 15th were paid a $0.3672 dividend. The ex-dividend date was Monday, November 14th. This represents a $1.47 annualized dividend and a dividend yield of 6.88%.

Insider Transactions at Bridgewater Bancshares

In other news, CEO Jerry J. Baack sold 4,166 shares of the business's stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $18.10, for a total value of $75,404.60. Following the completion of the sale, the chief executive officer now directly owns 1,173,812 shares in the company, valued at $21,245,997.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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.

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