Bridge Bancorp Inc. (BDGE) Stock Price Down 2.6%
Shares of Bridge Bancorp Inc. (NASDAQ:BDGE) were down 2.6% during mid-day trading on Friday . The company traded as low as $29.02 and last traded at $29.11, with a volume of 100,571 shares traded. The stock had previously closed at $29.90.
A number of analysts have recently issued reports on BDGE shares. FIG Partners cut shares of Bridge Bancorp from an “outperform” rating to a “market perform” rating in a research note on Friday, April 29th. Zacks Investment Research lowered shares of Bridge Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Bridge Bancorp in a research report on Thursday, April 14th. They set a “market perform” rating and a $33.00 target price for the company.
The firm has a 50-day moving average price of $29.07 and a 200 day moving average price of $29.17. The company has a market capitalization of $508.20 million and a PE ratio of 15.39.
Bridge Bancorp (NASDAQ:BDGE) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Equities research analysts expect that Bridge Bancorp Inc. will post $2.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.16%. The ex-dividend date was Wednesday, July 20th.
In other Bridge Bancorp news, Director Dennis A. Suskind sold 1,000 shares of Bridge Bancorp stock in a transaction that occurred on Monday, May 2nd. The shares were sold at an average price of $30.42, for a total transaction of $30,420.00. Following the completion of the sale, the director now directly owns 87,607 shares in the company, valued at approximately $2,665,004.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marcia Hefter acquired 1,500 shares of the firm’s stock in a transaction on Friday, June 24th. The shares were acquired at an average price of $27.95 per share, with a total value of $41,925.00. Following the completion of the purchase, the director now owns 46,427 shares in the company, valued at approximately $1,297,634.65. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Bridge Bancorp stock. Victory Capital Management Inc. raised its stake in shares of Bridge Bancorp Inc. (NASDAQ:BDGE) by 16.1% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 34,471 shares of the financial services provider’s stock after buying an additional 4,785 shares during the period. Victory Capital Management Inc. owned about 0.20% of Bridge Bancorp worth $1,049,000 as of its most recent filing with the SEC.
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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