Bridge Bancorp Director Acquires $207,500 in Stock (BDGE)
Bridge Bancorp (NASDAQ:BDGE) Director Emanuel Arturi purchased 10,000 shares of Bridge Bancorp stock in a transaction that occurred on Wednesday, October 2nd. The stock was purchased at an average price of $20.75 per share, with a total value of $207,500.00. Following the purchase, the director now directly owns 29,279 shares of the company’s stock, valued at approximately $607,539. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Bridge Bancorp (NASDAQ:BDGE) traded up 1.83% during mid-day trading on Friday, hitting $21.65. 207,808 shares of the company’s stock traded hands. Bridge Bancorp has a 52 week low of $18.75 and a 52 week high of $24.99. The stock has a 50-day moving average of $21.53 and a 200-day moving average of $21.73. The company has a market cap of $192.9 million and a price-to-earnings ratio of 14.48.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Investors of record on Friday, October 18th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.25%.
Separately, analysts at Guggenheim initiated coverage on shares of Bridge Bancorp (NASDAQ:BDGE) in a research note to investors on Tuesday, August 20th. They set a “buy” rating and a $25.00 price target on the stock.
Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (NASDAQ:BDGE).
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