BidaskClub upgraded shares of Bridge Bancorp (NASDAQ:BDGE) from a sell rating to a hold rating in a research report released on Wednesday morning.

Other analysts have also recently issued reports about the company. Hovde Group boosted their price objective on Bridge Bancorp from $37.00 to $38.00 and gave the stock a market perform rating in a report on Thursday, July 26th. TheStreet cut Bridge Bancorp from a b rating to a c+ rating in a research note on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $39.17.

Shares of NASDAQ:BDGE opened at $35.70 on Wednesday. The stock has a market cap of $702.38 million, a price-to-earnings ratio of 20.52 and a beta of 0.77. Bridge Bancorp has a 1-year low of $29.80 and a 1-year high of $38.00. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.92 and a quick ratio of 0.92.

Bridge Bancorp (NASDAQ:BDGE) last announced its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $0.34 earnings per share for the quarter. The firm had revenue of $31.35 million during the quarter. Bridge Bancorp had a return on equity of 7.83% and a net margin of 12.39%.

In related news, Director Basswood Capital Management, L purchased 20,095 shares of the stock in a transaction dated Monday, August 13th. The stock was bought at an average cost of $35.04 per share, with a total value of $704,128.80. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin Santacroce sold 3,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $35.40, for a total value of $106,200.00. Following the completion of the sale, the insider now directly owns 39,844 shares of the company’s stock, valued at $1,410,477.60. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 22,595 shares of company stock valued at $791,154 and sold 27,526 shares valued at $972,414. Corporate insiders own 13.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC bought a new stake in Bridge Bancorp during the 2nd quarter worth approximately $205,000. Alpine Woods Capital Investors LLC bought a new stake in Bridge Bancorp during the 1st quarter worth approximately $272,000. Franklin Resources Inc. increased its stake in Bridge Bancorp by 20.9% during the 1st quarter. Franklin Resources Inc. now owns 8,456 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 1,463 shares in the last quarter. Aperio Group LLC increased its stake in Bridge Bancorp by 21.9% during the 1st quarter. Aperio Group LLC now owns 9,707 shares of the financial services provider’s stock worth $326,000 after purchasing an additional 1,743 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Bridge Bancorp during the 2nd quarter worth approximately $381,000. 57.21% of the stock is owned by institutional investors and hedge funds.

Bridge Bancorp Company Profile

Bridge Bancorp, Inc operates as the bank holding company for the BNB Bank that provide commercial and consumer banking products and services to small businesses, and municipal and consumer relationships. It accepts time, savings, and demand deposits. The company offers commercial real estate, multi-family mortgage, residential mortgage, secured and unsecured commercial and consumer, home equity, and construction loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.

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