Bridge Bancorp, Inc. (NASDAQ:BDGE) major shareholder Basswood Capital Management, L bought 109,633 shares of the stock in a transaction on Thursday, November 30th. The shares were acquired at an average price of $36.09 per share, with a total value of $3,956,654.97. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Bridge Bancorp, Inc. (NASDAQ:BDGE) opened at $35.80 on Monday. The stock has a market cap of $705.62, a PE ratio of 18.84 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. Bridge Bancorp, Inc. has a 12-month low of $29.80 and a 12-month high of $38.95.
Bridge Bancorp (NASDAQ:BDGE) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.03). The company had revenue of $37.32 million during the quarter, compared to the consensus estimate of $36.50 million. Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. equities analysts forecast that Bridge Bancorp, Inc. will post 1.89 earnings per share for the current fiscal year.
Several research firms have weighed in on BDGE. FIG Partners reiterated a “market-perform” rating on shares of Bridge Bancorp in a research note on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $37.00 price target on shares of Bridge Bancorp in a research report on Thursday, August 10th. ValuEngine upgraded shares of Bridge Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $38.50.
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About Bridge Bancorp
Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (the Bank). The Bank’s operations include its real estate investment trust subsidiary, Bridgehampton Community, Inc (BCI), a financial title insurance subsidiary, Bridge Abstract LLC (Bridge Abstract), and an investment services subsidiary, Bridge Financial Services LLC (Bridge Financial Services).
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