Bridgewater Bancshares, Inc. (NASDAQ:BWBBP – Get Rating) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a drop of 40.0% from the February 13th total of 500 shares. Based on an average daily trading volume, of 1,700 shares, the short-interest ratio is presently 0.2 days.
Bridgewater Bancshares Price Performance
NASDAQ BWBBP traded down $0.11 during trading on Friday, hitting $20.20. 1,436 shares of the company traded hands, compared to its average volume of 2,134. Bridgewater Bancshares has a 12 month low of $18.50 and a 12 month high of $25.60. The business has a fifty day simple moving average of $21.09 and a 200 day simple moving average of $21.01.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th were issued a dividend of $0.3672 per share. The ex-dividend date was Tuesday, February 14th. This represents a $1.47 annualized dividend and a yield of 7.27%.
Insider Transactions at Bridgewater Bancshares
In related news, CEO Jerry J. Baack sold 4,166 shares of Bridgewater Bancshares stock in a transaction on Wednesday, December 21st. The stock was sold at an average price of $18.10, for a total transaction of $75,404.60. Following the completion of the sale, the chief executive officer now owns 1,173,812 shares of the company's stock, valued at $21,245,997.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 12,498 shares of company stock valued at $209,133 over the last quarter.
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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