Bridge Bancorp (NASDAQ:BDGE) will be releasing its Q3 2019 earnings data after the market closes on Thursday, October 24th. Analysts expect Bridge Bancorp to post earnings of $0.66 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.14). Bridge Bancorp had a return on equity of 11.24% and a net margin of 22.25%. The company had revenue of $41.02 million for the quarter, compared to analyst estimates of $41.20 million. On average, analysts expect Bridge Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ:BDGE opened at $29.99 on Wednesday. Bridge Bancorp has a 12 month low of $24.12 and a 12 month high of $33.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $29.16 and its 200 day simple moving average is $29.09. The firm has a market cap of $587.18 million, a price-to-earnings ratio of 11.27 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 18th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, October 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.07%. Bridge Bancorp’s payout ratio is 34.59%.
A number of brokerages recently commented on BDGE. DA Davidson began coverage on shares of Bridge Bancorp in a report on Thursday, October 3rd. They set a “neutral” rating and a $33.00 price objective on the stock. BidaskClub upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. ValuEngine upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $32.67.
In other Bridge Bancorp news, Director Rudolph J. Santoro sold 1,700 shares of Bridge Bancorp stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $28.47, for a total value of $48,399.00. Following the sale, the director now directly owns 30,347 shares in the company, valued at approximately $863,979.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin Santacroce sold 1,500 shares of Bridge Bancorp stock in a transaction on Friday, July 26th. The shares were sold at an average price of $29.33, for a total transaction of $43,995.00. Following the completion of the sale, the insider now owns 39,198 shares in the company, valued at $1,149,677.34. The disclosure for this sale can be found here. 15.50% of the stock is currently owned by insiders.
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 and land loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.
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