Bridge Bancorp (BDGE) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media stories about Bridge Bancorp (NASDAQ:BDGE) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing 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 coverage optimism score of 0.13 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 44.7935874369785 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
BDGE has been the subject of several recent analyst reports. Zacks Investment Research cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 price target on shares of Bridge Bancorp in a research note on Thursday, August 10th. Finally, BidaskClub cut Bridge Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st.
Bridge Bancorp (NASDAQ:BDGE) traded up 1.042% on Monday, hitting $31.525. The stock had a trading volume of 9,602 shares. The firm’s 50-day moving average price is $31.23 and its 200-day moving average price is $33.53. The firm has a market cap of $610.77 million, a P/E ratio of 16.497 and a beta of 0.81. Bridge Bancorp has a 1-year low of $26.90 and a 1-year high of $38.95.
Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). Bridge Bancorp had a net margin of 22.91% and a return on equity of 8.82%. The business had revenue of $35.30 million during the quarter, compared to the consensus estimate of $36.10 million. On average, equities research analysts predict that Bridge Bancorp will post $1.92 earnings per share for the current year.
In other Bridge Bancorp news, major shareholder Basswood Capital Management, L acquired 2,369 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was purchased at an average price of $33.10 per share, for a total transaction of $78,413.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis A. Suskind sold 1,500 shares of Bridge Bancorp stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $32.00, for a total value of $48,000.00. Following the completion of the transaction, the director now owns 79,550 shares of the company’s stock, valued at approximately $2,545,600. The disclosure for this sale can be found here. Insiders own 5.30% of the company’s stock.
Bridge Bancorp Company Profile
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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