Insider Buying: Bridge Bancorp COO Purchases 2,000 Shares of Stock (BDGE)
Bridge Bancorp (NASDAQ:BDGE) COO Howard Nolan acquired 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 2nd. The shares were purchased at an average price of $20.75 per share, for a total transaction of $41,500.00. Following the acquisition, the chief operating officer now directly owns 43,787 shares in the company, valued at approximately $908,580. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Bridge Bancorp (NASDAQ:BDGE) traded up 1.83% during mid-day trading on Friday, hitting $21.65. The stock had a trading volume of 207,808 shares. Bridge Bancorp has a 52 week low of $18.75 and a 52 week high of $24.99. The stock’s 50-day moving average is $21.53 and its 200-day moving average is $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 declared a quarterly dividend, which is scheduled for Friday, November 1st. Investors of record on Friday, October 18th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a 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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