BidaskClub cut shares of Bridge Bancorp (NASDAQ:BDGE) from a sell rating to a strong sell rating in a research report released on Tuesday.

A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Bridge Bancorp from a hold rating to a sell rating in a research report on Wednesday, October 24th. TheStreet lowered shares of Bridge Bancorp from a b rating to a c+ rating in a research report on Thursday, August 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $39.17.

NASDAQ:BDGE opened at $27.46 on Tuesday. Bridge Bancorp has a 1-year low of $26.87 and a 1-year high of $38.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $543.30 million, a P/E ratio of 14.08 and a beta of 0.80.

Bridge Bancorp (NASDAQ:BDGE) last posted its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. Bridge Bancorp had a net margin of 10.46% and a return on equity of 8.87%. The firm had revenue of $39.13 million for the quarter.

In related news, insider Basswood Capital Management, L bought 49,891 shares of the firm’s stock in a transaction on Tuesday, September 11th. The shares were bought at an average cost of $35.75 per share, for a total transaction of $1,783,603.25. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Emanuel Arturi sold 3,482 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $35.36, for a total transaction of $123,123.52. Following the sale, the director now owns 37,703 shares in the company, valued at $1,333,178.08. The disclosure for this sale can be found here. Insiders have acquired a total of 135,426 shares of company stock worth $4,656,257 over the last 90 days. Insiders own 13.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Bridge Bancorp by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 831,552 shares of the financial services provider’s stock worth $27,608,000 after purchasing an additional 5,767 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Bridge Bancorp by 54.8% during the 3rd quarter. MetLife Investment Advisors LLC now owns 13,730 shares of the financial services provider’s stock worth $456,000 after purchasing an additional 4,860 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Bridge Bancorp by 9.0% during the 3rd quarter. Renaissance Technologies LLC now owns 260,099 shares of the financial services provider’s stock worth $8,635,000 after purchasing an additional 21,499 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Bridge Bancorp by 44.7% during the 3rd quarter. GSA Capital Partners LLP now owns 15,630 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 4,832 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Bridge Bancorp during the 3rd quarter worth $270,000. Institutional investors own 58.31% of the company’s stock.

About Bridge Bancorp

Bridge Bancorp, Inc operates as the bank holding company for the BNB Bank that provide commercial and consumer banking products and services to small businesses, and municipal and consumer relationships. It accepts time, savings, and demand deposits. The company offers commercial real estate, multi-family mortgage, residential mortgage, secured and unsecured commercial and consumer, home equity, and construction loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.

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