Dennis A. Suskind Sells 2,000 Shares of Bridge Bancorp Inc. (BDGE) Stock
Bridge Bancorp Inc. (NASDAQ:BDGE) Director Dennis A. Suskind sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $29.37, for a total value of $58,740.00. Following the sale, the director now directly owns 87,973 shares of the company’s stock, valued at $2,583,767.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Bridge Bancorp Inc. (NASDAQ:BDGE) opened at 28.89 on Wednesday. Bridge Bancorp Inc. has a one year low of $25.74 and a one year high of $32.40. The stock has a market cap of $495.52 million, a price-to-earnings ratio of 15.15 and a beta of 0.72. The company has a 50-day moving average price of $29.70 and a 200 day moving average price of $29.59.
Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.52 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Bridge Bancorp had a return on equity of 10.00% and a net margin of 22.65%. Equities research analysts expect that Bridge Bancorp Inc. will post $2.00 earnings per share for the current year.
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Several equities research analysts have recently issued reports on BDGE shares. Zacks Investment Research raised Bridge Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th. Keefe, Bruyette & Woods decreased their price objective on Bridge Bancorp from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, August 25th.
A number of large investors have recently modified their holdings of BDGE. BlackRock Group LTD purchased a new stake in shares of Bridge Bancorp during the first quarter valued at $117,000. BlackRock Inc. boosted its stake in shares of Bridge Bancorp by 326.5% in the second quarter. BlackRock Inc. now owns 4,431 shares of the financial services provider’s stock valued at $125,000 after buying an additional 3,392 shares during the last quarter. BlackRock Advisors LLC boosted its stake in shares of Bridge Bancorp by 11.2% in the second quarter. BlackRock Advisors LLC now owns 7,551 shares of the financial services provider’s stock valued at $214,000 after buying an additional 759 shares during the last quarter. Strategic Advisors LLC boosted its stake in shares of Bridge Bancorp by 0.5% in the second quarter. Strategic Advisors LLC now owns 8,491 shares of the financial services provider’s stock valued at $241,000 after buying an additional 41 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Bridge Bancorp by 16.1% in the second quarter. American International Group Inc. now owns 9,627 shares of the financial services provider’s stock valued at $273,000 after buying an additional 1,333 shares during the last quarter. 50.68% of the stock is currently owned by institutional investors.
Bridge Bancorp Company Profile
Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (the Bank). The Bank engages in commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities surrounding its branch offices. These deposits, together with funds generated from operations and borrowings, are invested primarily in commercial real estate loans; multi-family mortgage loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations, and the United States government sponsored entity (U.S.
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