Bridge Bancorp, Inc. (NASDAQ:BDGE) major shareholder Basswood Capital Management, L purchased 109,633 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was bought at an average price of $36.09 per share, with a total value of $3,956,654.97. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Bridge Bancorp, Inc. (BDGE) traded down $0.15 during trading on Friday, hitting $35.80. The stock had a trading volume of 23,942 shares, compared to its average volume of 29,443. The stock has a market cap of $705.62, a PE ratio of 18.92 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. Bridge Bancorp, Inc. has a 12 month low of $29.80 and a 12 month high of $38.95.

Bridge Bancorp (NASDAQ:BDGE) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.03). The business had revenue of $37.32 million for the quarter, compared to analysts’ expectations of $36.50 million. Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. equities analysts forecast that Bridge Bancorp, Inc. will post 1.89 EPS for the current year.

BDGE has been the subject of a number of analyst reports. FIG Partners restated a “market-perform” rating on shares of Bridge Bancorp in a report on Thursday, October 26th. ValuEngine upgraded Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $37.00 price target on shares of Bridge Bancorp in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Bridge Bancorp currently has an average rating of “Hold” and a consensus target price of $38.50.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Bridge Bancorp during the 2nd quarter valued at approximately $105,000. Aperio Group LLC purchased a new position in shares of Bridge Bancorp during the 3rd quarter valued at approximately $241,000. GSA Capital Partners LLP purchased a new position in shares of Bridge Bancorp during the 3rd quarter valued at approximately $258,000. Voya Investment Management LLC boosted its stake in shares of Bridge Bancorp by 14.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,766 shares of the financial services provider’s stock valued at $325,000 after buying an additional 1,255 shares during the last quarter. Finally, Strategic Advisors LLC boosted its stake in shares of Bridge Bancorp by 0.5% during the 2nd quarter. Strategic Advisors LLC now owns 9,938 shares of the financial services provider’s stock valued at $331,000 after buying an additional 47 shares during the last quarter. Institutional investors own 56.75% of the company’s stock.

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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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