Bridge Bancorp, Inc. (NASDAQ:BDGE) Director Dennis A. Suskind sold 1,000 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $32.50, for a total value of $32,500.00. Following the completion of the sale, the director now owns 79,550 shares in the company, valued at $2,585,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bridge Bancorp, Inc. (NASDAQ:BDGE) traded up 1.40% during mid-day trading on Monday, reaching $32.50. The company’s stock had a trading volume of 53,136 shares. The stock has a market capitalization of $638.49 million, a P/E ratio of 17.18 and a beta of 0.80. The stock’s 50 day moving average price is $33.32 and its 200 day moving average price is $34.73. Bridge Bancorp, Inc. has a 1-year low of $26.90 and a 1-year high of $38.95.

Bridge Bancorp (NASDAQ:BDGE) last announced its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.04. Bridge Bancorp had a return on equity of 9.02% and a net margin of 22.91%. The business had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $36.10 million. Analysts expect that Bridge Bancorp, Inc. will post $1.98 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 21st were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, July 19th. This represents a $0.92 dividend on an annualized basis and a yield of 2.83%. Bridge Bancorp’s dividend payout ratio (DPR) is 47.92%.

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A number of hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Bridge Bancorp by 2.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 12,742 shares of the financial services provider’s stock worth $483,000 after buying an additional 251 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Bridge Bancorp by 4.2% in the first quarter. Nationwide Fund Advisors now owns 12,252 shares of the financial services provider’s stock worth $429,000 after buying an additional 493 shares during the period. Strategic Advisors LLC raised its position in shares of Bridge Bancorp by 6.4% in the first quarter. Strategic Advisors LLC now owns 9,891 shares of the financial services provider’s stock worth $346,000 after buying an additional 592 shares in the last quarter. American International Group Inc. raised its position in shares of Bridge Bancorp by 7.7% in the first quarter. American International Group Inc. now owns 10,359 shares of the financial services provider’s stock worth $363,000 after buying an additional 743 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Bridge Bancorp by 4.6% in the first quarter. Teachers Advisors LLC now owns 30,199 shares of the financial services provider’s stock worth $1,057,000 after buying an additional 1,337 shares in the last quarter. 55.85% of the stock is owned by hedge funds and other institutional investors.

BDGE has been the topic of several analyst reports. Zacks Investment Research cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. BidaskClub cut Bridge Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $37.00 price objective on shares of Bridge Bancorp in a research note on Wednesday, April 5th.

About Bridge Bancorp

Bridge Bancorp, Inc is a bank holding company for The Bridgehampton National Bank (the Bank). The Bank’s operations include its real estate investment trust subsidiary, Bridgehampton Community, Inc (BCI), a financial title insurance subsidiary, Bridge Abstract LLC (Bridge Abstract), and an investment services subsidiary, Bridge Financial Services LLC (Bridge Financial Services).

Insider Buying and Selling by Quarter for Bridge Bancorp (NASDAQ:BDGE)

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