Media stories about Bridge Bancorp (NASDAQ:BDGE) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bridge Bancorp earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.3916204170835 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
BDGE has been the topic of a number of research reports. Zacks Investment Research upgraded Bridge Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine upgraded Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $40.50 target price on shares of Bridge Bancorp in a research note on Friday, December 22nd. Sandler O’Neill set a $41.00 target price on Bridge Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Finally, FIG Partners reiterated a “market-perform” rating on shares of Bridge Bancorp in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Bridge Bancorp presently has a consensus rating of “Hold” and a consensus target price of $40.75.
Bridge Bancorp (BDGE) opened at $37.00 on Wednesday. Bridge Bancorp has a 12 month low of $29.80 and a 12 month high of $37.95. The firm has a market capitalization of $733.21, a P/E ratio of 19.47 and a beta of 0.71. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26.
Bridge Bancorp (NASDAQ:BDGE) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.03). Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. The company had revenue of $37.32 million during the quarter, compared to analysts’ expectations of $36.50 million. equities research analysts predict that Bridge Bancorp will post 1.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Monday, January 22nd will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 19th. This represents a $0.92 annualized dividend and a dividend yield of 2.49%. Bridge Bancorp’s dividend payout ratio (DPR) is currently 48.42%.
In related news, major shareholder Basswood Capital Management, L bought 3,862 shares of the stock in a transaction on Friday, December 22nd. The shares were bought at an average cost of $35.61 per share, for a total transaction of $137,525.82. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired a total of 117,357 shares of company stock worth $4,231,707 over the last quarter. Company insiders own 5.30% of the company’s stock.
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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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