Bridge Bancorp Price Target Raised to $27.00 at Guggenheim (BDGE)
Analysts at Guggenheim hoisted their price target on shares of Bridge Bancorp (NASDAQ:BDGE) from $26.00 to $27.00 in a research report issued to clients and investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Guggenheim’s price target would suggest a potential upside of 9.00% from the stock’s previous close.
BDGE has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Bridge Bancorp from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 8th. They now have a $25.70 price target on the stock.
Bridge Bancorp (NASDAQ:BDGE) traded up 1.49% during mid-day trading on Tuesday, hitting $25.14. The stock had a trading volume of 14,124 shares. Bridge Bancorp has a 52-week low of $19.27 and a 52-week high of $26.34. The stock’s 50-day moving average is $24.76 and its 200-day moving average is $23.08. The company has a market cap of $227.1 million and a P/E ratio of 17.36.
Bridge Bancorp (NASDAQ:BDGE) last announced its earnings results on Friday, October 25th. The company reported $0.34 EPS for the quarter. Analysts expect that Bridge Bancorp will post $1.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 3rd. Shareholders of record on Monday, January 20th will be paid a dividend of 0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Wednesday, January 15th.
Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (NASDAQ:BDGE).
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