According to Zacks, “Bridge Bancorp, Inc. is the bank holding company of The Bridgehampton National Bank. “
Separately, Keefe, Bruyette & Woods reduced their price target on shares of Bridge Bancorp from $30.00 to $28.00 and set a market perform rating on the stock in a research report on Thursday, August 25th.
Shares of Bridge Bancorp (NASDAQ:BDGE) opened at 28.59 on Wednesday. Bridge Bancorp has a 52 week low of $26.23 and a 52 week high of $32.40. The firm has a market capitalization of $490.38 million, a PE ratio of 14.99 and a beta of 0.70. The stock has a 50 day moving average price of $29.51 and a 200-day moving average price of $29.57.
Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Bridge Bancorp had a net margin of 22.65% and a return on equity of 10.00%. Equities analysts anticipate that Bridge Bancorp will post $2.00 earnings per share for the current year.
In other Bridge Bancorp news, major shareholder Basswood Capital Management, L sold 4,320 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $29.07, for a total value of $125,582.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dennis A. Suskind sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $29.37, for a total transaction of $58,740.00. Following the completion of the transaction, the director now directly owns 87,973 shares in the company, valued at approximately $2,583,767.01. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Bridge Bancorp by 4.4% in the first quarter. State Street Corp now owns 203,882 shares of the financial services provider’s stock valued at $6,212,000 after buying an additional 8,505 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Bridge Bancorp by 28.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,491 shares of the financial services provider’s stock valued at $381,000 after buying an additional 2,772 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Bridge Bancorp by 11.3% in the second quarter. California State Teachers Retirement System now owns 35,067 shares of the financial services provider’s stock valued at $996,000 after buying an additional 3,567 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Bridge Bancorp by 6.8% in the first quarter. Geode Capital Management LLC now owns 82,440 shares of the financial services provider’s stock valued at $2,511,000 after buying an additional 5,236 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Bridge Bancorp by 40.4% in the second quarter. TD Asset Management Inc. now owns 13,200 shares of the financial services provider’s stock valued at $375,000 after buying an additional 3,800 shares during the last quarter. Institutional investors own 50.68% of the company’s stock.
About Bridge Bancorp
Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (the Bank). The Bank engages in commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities surrounding its branch offices. These deposits, together with funds generated from operations and borrowings, are invested primarily in commercial real estate loans; multi-family mortgage loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations, and the United States government sponsored entity (U.S.
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