Bridge Bancorp, Inc. (NASDAQ:BDGE) – Analysts at Boenning Scattergood issued their Q1 2019 EPS estimates for shares of Bridge Bancorp in a research report issued on Monday, April 1st, Zacks Investment Research reports. Boenning Scattergood analyst E. Zwick expects that the financial services provider will post earnings of $0.66 per share for the quarter. Boenning Scattergood currently has a “Buy” rating and a $34.00 target price on the stock. Boenning Scattergood also issued estimates for Bridge Bancorp’s Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.71 EPS, FY2019 earnings at $2.75 EPS, Q1 2020 earnings at $0.71 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.76 EPS, Q4 2020 earnings at $0.79 EPS and FY2020 earnings at $3.00 EPS.
Bridge Bancorp (NASDAQ:BDGE) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The company had revenue of $39.54 million during the quarter, compared to analysts’ expectations of $40.10 million. Bridge Bancorp had a net margin of 21.69% and a return on equity of 10.71%.
Bridge Bancorp stock traded up $0.18 during trading hours on Thursday, hitting $30.72. The company had a trading volume of 13,734 shares, compared to its average volume of 37,097. The stock has a market cap of $609.73 million, a price-to-earnings ratio of 11.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91. Bridge Bancorp has a 1 year low of $24.12 and a 1 year high of $38.00.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 19th will be issued a $0.23 dividend. The ex-dividend date is Wednesday, April 17th. This represents a $0.92 annualized dividend and a dividend yield of 2.99%. Bridge Bancorp’s dividend payout ratio is currently 34.59%.
In other news, Director Basswood Capital Management, L sold 11,692 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $31.41, for a total value of $367,245.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 209,692 shares of company stock valued at $5,976,447. Company insiders own 15.50% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Prudential Financial Inc. boosted its holdings in shares of Bridge Bancorp by 15.6% in the 3rd quarter. Prudential Financial Inc. now owns 18,780 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 2,540 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Bridge Bancorp by 0.5% in the 3rd quarter. BlackRock Inc. now owns 1,026,265 shares of the financial services provider’s stock valued at $34,072,000 after purchasing an additional 5,213 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Bridge Bancorp by 11.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 667,335 shares of the financial services provider’s stock valued at $22,155,000 after purchasing an additional 67,239 shares in the last quarter. Franklin Resources Inc. acquired a new stake in shares of Bridge Bancorp in the 3rd quarter valued at $270,000. Finally, GSA Capital Partners LLP boosted its holdings in shares of Bridge Bancorp by 44.7% in the 3rd quarter. GSA Capital Partners LLP now owns 15,630 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 4,832 shares in the last quarter. Institutional investors and hedge funds own 57.77% of the company’s stock.
About Bridge Bancorp
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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