Bridge Bancorp (NASDAQ:BDGE) is scheduled to release its earnings data on Thursday, January 25th. Analysts expect Bridge Bancorp to post earnings of $0.51 per share for the quarter.
Bridge Bancorp (NASDAQ:BDGE) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The company had revenue of $37.32 million during the quarter, compared to analyst estimates of $36.50 million. Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. On average, analysts expect Bridge Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Bridge Bancorp (BDGE) opened at $35.90 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $712.52, a PE ratio of 19.10 and a beta of 0.71. Bridge Bancorp has a 12-month low of $29.80 and a 12-month high of $37.95.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Monday, January 22nd will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Friday, January 19th. Bridge Bancorp’s dividend payout ratio is currently 48.94%.
In other Bridge Bancorp news, major shareholder Basswood Capital Management, L purchased 3,862 shares of Bridge Bancorp stock in a transaction that occurred on Saturday, December 22nd. The stock was acquired at an average price of $35.61 per share, for a total transaction of $137,525.82. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 117,357 shares of company stock valued at $4,231,707 in the last quarter. 5.30% of the stock is currently owned by corporate insiders.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. ValuEngine cut Bridge Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.50 price target on shares of Bridge Bancorp in a report on Friday, December 22nd. FIG Partners reiterated a “market-perform” rating on shares of Bridge Bancorp in a report on Thursday, October 26th. Finally, Sandler O’Neill set a $41.00 price target on Bridge Bancorp and gave the stock a “buy” rating in a report on Wednesday, January 3rd. One investment 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. Bridge Bancorp presently has an average rating of “Hold” and an average target price of $40.75.
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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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