News articles about Bridge Bancorp (NASDAQ:BDGE) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Bridge Bancorp earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 44.9862382882029 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of BDGE traded up $0.05 during mid-day trading on Tuesday, hitting $32.65. The company’s stock had a trading volume of 5,135 shares, compared to its average volume of 41,097. Bridge Bancorp has a one year low of $29.80 and a one year high of $37.95. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $645.83, a price-to-earnings ratio of 19.21 and a beta of 0.68.
Bridge Bancorp (NASDAQ:BDGE) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.21). Bridge Bancorp had a net margin of 12.23% and a return on equity of 7.68%. The business had revenue of $38.06 million during the quarter, compared to the consensus estimate of $37.40 million.
Several research firms have recently weighed in on BDGE. BidaskClub cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, January 26th. ValuEngine cut Bridge Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Zacks Investment Research cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.50 price objective on shares of Bridge Bancorp in a research report on Friday, December 22nd. Finally, Sandler O’Neill set a $41.00 price objective on Bridge Bancorp and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $39.75.
In other news, Director Jr. Albert E. Mccoy bought 6,200 shares of Bridge Bancorp stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average cost of $33.46 per share, with a total value of $207,452.00. Following the completion of the transaction, the director now directly owns 107,990 shares in the company, valued at $3,613,345.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Basswood Capital Management, L bought 3,590 shares of Bridge Bancorp stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $32.68 per share, with a total value of $117,321.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 46,913 shares of company stock valued at $1,585,459. 13.80% of the stock is owned by company 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 loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.
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