Bridgewater Bancshares, Inc. (NASDAQ:BWBBP – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 500 shares, a decrease of 72.2% from the March 31st total of 1,800 shares. Based on an average daily volume of 1,800 shares, the days-to-cover ratio is currently 0.3 days.
Bridgewater Bancshares Trading Down 4.0 %
BWBBP stock traded down $0.72 on Friday, reaching $17.39. 5,254 shares of the company's stock were exchanged, compared to its average volume of 2,038. Bridgewater Bancshares has a twelve month low of $16.00 and a twelve month high of $25.17. The stock has a fifty day moving average of $19.56 and a 200-day moving average of $20.33.
Get Bridgewater Bancshares alerts:Bridgewater Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Monday, May 15th will be given a dividend of $0.3672 per share. The ex-dividend date of this dividend is Friday, May 12th. This represents a $1.47 dividend on an annualized basis and a yield of 8.45%.
Insider Activity at Bridgewater Bancshares
In other news, CEO Jerry J. Baack sold 4,166 shares of the stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $15.00, for a total transaction of $62,490.00. Following the completion of the sale, the chief executive officer now owns 1,218,038 shares in the company, valued at $18,270,570. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Bridgewater Bancshares Company Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Bridgewater Bancshares (BWBBP)
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