Insider Buying: Bridge Bancorp Director Acquires 1,125 Shares of Stock (BDGE)
Bridge Bancorp (NASDAQ:BDGE) Director Raymond A. Nielsen acquired 1,125 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were purchased at an average cost of $23.51 per share, for a total transaction of $26,448.75. Following the acquisition, the director now directly owns 1,741 shares of the company’s stock, valued at approximately $40,931. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Bridge Bancorp (NASDAQ:BDGE) traded up 1.32% on Thursday, hitting $23.80. The stock had a trading volume of 14,792 shares. Bridge Bancorp has a 1-year low of $20.60 and a 1-year high of $28.06. The stock’s 50-day moving average is $23.83 and its 200-day moving average is $24.84. The company has a market cap of $276.7 million and a P/E ratio of 22.50.
Bridge Bancorp (NASDAQ:BDGE) last announced its earnings results on Monday, July 28th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.02. On average, analysts predict that Bridge Bancorp will post $1.36 earnings per share for the current fiscal year.
Separately, analysts at TheStreet upgraded shares of Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, June 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Bridge Bancorp presently has a consensus rating of “Buy” and an average price target of $28.30.
Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (NASDAQ:BDGE).
Receive News & Ratings for Bridge Bancorp Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridge Bancorp Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.