Bridge Bancorp Inc. (BDGE) Trading 1.7% Higher
Bridge Bancorp Inc. (NASDAQ:BDGE)’s share price was up 1.7% during trading on Wednesday . The stock traded as high as $30.53 and last traded at $30.52, with a volume of 64,854 shares. The stock had previously closed at $30.00.
Several equities analysts have commented on BDGE shares. Zacks Investment Research cut shares of Bridge Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. FIG Partners cut shares of Bridge Bancorp from an “outperform” rating to a “market perform” rating in a research report on Friday, April 29th.
The company has a market capitalization of $523.65 million and a P/E ratio of 16.01. The stock has a 50 day moving average of $29.60 and a 200 day moving average of $29.45.
Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Equities research analysts expect that Bridge Bancorp Inc. will post $2.04 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 22nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.01%. The ex-dividend date was Wednesday, July 20th.
In other Bridge Bancorp news, COO Howard H. Nolan sold 887 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $30.29, for a total transaction of $26,867.23. Following the sale, the chief operating officer now owns 54,762 shares of the company’s stock, valued at approximately $1,658,740.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Raymond A. Nielsen sold 4,688 shares of the business’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $29.09, for a total transaction of $136,373.92. Following the sale, the director now directly owns 11,145 shares in the company, valued at approximately $324,208.05. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Bridge Bancorp stock. Dimensional Fund Advisors LP increased its stake in Bridge Bancorp Inc. (NASDAQ:BDGE) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 157,869 shares of the financial services provider’s stock after buying an additional 23,027 shares during the period. Dimensional Fund Advisors LP owned about 0.91% of Bridge Bancorp worth $4,804,000 at the end of the most recent quarter.
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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