Bridge Bancorp Inc. (NASDAQ:BDGE) announced a quarterly dividend on Monday, October 10th. Stockholders of record on Friday, October 21st will be paid a dividend of 0.23 per share by the financial services provider on Friday, October 28th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend is Wednesday, October 19th.

Shares of Bridge Bancorp (NASDAQ:BDGE) opened at 28.49 on Tuesday. Bridge Bancorp has a 52 week low of $26.23 and a 52 week high of $32.40. The firm has a market cap of $488.66 million, a price-to-earnings ratio of 14.94 and a beta of 0.70. The stock has a 50 day moving average of $29.23 and a 200-day moving average of $29.54.

Bridge Bancorp (NASDAQ:BDGE) last released its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Bridge Bancorp had a net margin of 22.65% and a return on equity of 10.00%. Equities research analysts expect that Bridge Bancorp will post $2.00 earnings per share for the current year.

Dividend History for Bridge Bancorp (NASDAQ:BDGE)

In related news, COO Howard H. Nolan sold 887 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $30.29, for a total value of $26,867.23. Following the transaction, the chief operating officer now directly owns 54,762 shares in the company, valued at approximately $1,658,740.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis A. Suskind sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $29.37, for a total transaction of $58,740.00. Following the completion of the transaction, the director now owns 87,973 shares in the company, valued at $2,583,767.01. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of BDGE. State Street Corp raised its position in Bridge Bancorp by 17.0% in the second quarter. State Street Corp now owns 238,550 shares of the financial services provider’s stock worth $6,777,000 after buying an additional 34,668 shares during the last quarter. Teachers Advisors Inc. raised its position in Bridge Bancorp by 28.0% in the second quarter. Teachers Advisors Inc. now owns 26,666 shares of the financial services provider’s stock worth $757,000 after buying an additional 5,838 shares during the last quarter. American International Group Inc. raised its position in Bridge Bancorp by 16.1% in the second quarter. American International Group Inc. now owns 9,627 shares of the financial services provider’s stock worth $273,000 after buying an additional 1,333 shares during the last quarter. Alliancebernstein L.P. raised its position in Bridge Bancorp by 227.5% in the second quarter. Alliancebernstein L.P. now owns 25,481 shares of the financial services provider’s stock worth $724,000 after buying an additional 17,700 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Bridge Bancorp by 10.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 187,870 shares of the financial services provider’s stock worth $5,336,000 after buying an additional 17,107 shares during the last quarter. Institutional investors and hedge funds own 50.68% of the company’s stock.

A number of research firms have recently weighed in on BDGE. Keefe, Bruyette & Woods cut their price target on shares of Bridge Bancorp from $30.00 to $28.00 and set a “market perform” rating on the stock in a report on Thursday, August 25th. Zacks Investment Research upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th.

About Bridge Bancorp

Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (the Bank). The Bank engages in commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities surrounding its branch offices. These deposits, together with funds generated from operations and borrowings, are invested primarily in commercial real estate loans; multi-family mortgage loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations, and the United States government sponsored entity (U.S.

5 Day Chart for NASDAQ:BDGE

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