Bridge Bancorp (NASDAQ:BDGE) has been assigned a $41.00 price objective by stock analysts at Sandler O’Neill in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the financial services provider’s stock. Sandler O’Neill’s price target suggests a potential upside of 16.64% from the company’s current price.

Several other brokerages have also recently issued reports on BDGE. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.50 target price on shares of Bridge Bancorp in a report on Friday, December 22nd. FIG Partners reiterated a “market-perform” rating on shares of Bridge Bancorp in a research note on Thursday, October 26th. ValuEngine upgraded shares of Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.50.

Bridge Bancorp (NASDAQ BDGE) traded down $0.25 during trading hours on Wednesday, hitting $35.15. 137,458 shares of the stock traded hands, compared to its average volume of 89,550. Bridge Bancorp has a 12-month low of $29.80 and a 12-month high of $38.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market cap of $693.30, a PE ratio of 18.70 and a beta of 0.71.

Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.03). The business had revenue of $37.32 million for the quarter, compared to analysts’ expectations of $36.50 million. Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. equities research analysts expect that Bridge Bancorp will post 1.89 earnings per share for the current fiscal year.

In other Bridge Bancorp news, major shareholder Basswood Capital Management, L bought 109,633 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was bought at an average cost of $36.09 per share, for a total transaction of $3,956,654.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 117,357 shares of company stock valued at $4,231,707 over the last 90 days. 5.30% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Bridge Bancorp during the second quarter valued at approximately $105,000. Aperio Group LLC purchased a new position in shares of Bridge Bancorp in the third quarter worth $241,000. GSA Capital Partners LLP purchased a new position in shares of Bridge Bancorp in the third quarter worth $258,000. Voya Investment Management LLC lifted its holdings in shares of Bridge Bancorp by 14.7% in the second quarter. Voya Investment Management LLC now owns 9,766 shares of the financial services provider’s stock worth $325,000 after buying an additional 1,255 shares in the last quarter. Finally, Strategic Advisors LLC lifted its holdings in shares of Bridge Bancorp by 0.5% in the second quarter. Strategic Advisors LLC now owns 9,938 shares of the financial services provider’s stock worth $331,000 after buying an additional 47 shares in the last quarter. Institutional investors own 56.79% of the company’s stock.

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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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