Bridge Bancorp (BDGE) Scheduled to Post Earnings on Thursday

Bridge Bancorp (NASDAQ:BDGE) will be releasing its earnings data on Thursday, January 25th. Analysts expect Bridge Bancorp to post earnings of $0.51 per share for the quarter.

Bridge Bancorp (NASDAQ:BDGE) last announced its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.03). The company had revenue of $37.32 million for the quarter, compared to analyst estimates of $36.50 million. Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. On average, analysts expect Bridge Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Bridge Bancorp (NASDAQ BDGE) opened at $37.00 on Thursday. The company has a market cap of $729.27, a PE ratio of 19.68 and a beta of 0.71. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.26. Bridge Bancorp has a 52-week low of $29.80 and a 52-week high of $37.95.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, January 22nd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, January 19th. Bridge Bancorp’s dividend payout ratio is currently 48.94%.

In other Bridge Bancorp news, major shareholder Basswood Capital Management, L purchased 3,862 shares of the company’s stock in a transaction that occurred on Saturday, December 22nd. The stock was purchased at an average price of $35.61 per share, with a total value of $137,525.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 117,357 shares of company stock valued at $4,231,707 in the last three months. Company insiders own 5.30% of the company’s stock.

A number of brokerages have recently commented on BDGE. Zacks Investment Research raised shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. ValuEngine lowered shares of Bridge Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, January 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.50 price target on shares of Bridge Bancorp in a research report on Friday, December 22nd. FIG Partners reissued a “market-perform” rating on shares of Bridge Bancorp in a research report on Thursday, October 26th. Finally, Sandler O’Neill set a $41.00 price target on shares of Bridge Bancorp and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $40.75.

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Bridge Bancorp Company Profile

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).

Earnings History for Bridge Bancorp (NASDAQ:BDGE)

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