Bridge Bancorp, Inc. (NASDAQ:BDGE) declared a quarterly dividend on Monday, October 9th, Wall Street Journal reports. Investors of record on Friday, October 20th will be given a dividend of 0.23 per share by the financial services provider on Friday, October 27th. This represents a $0.92 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, October 19th.

Bridge Bancorp (BDGE) opened at 34.65 on Friday. Bridge Bancorp has a 52-week low of $26.90 and a 52-week high of $38.95. The firm has a market cap of $671.31 million, a price-to-earnings ratio of 18.13 and a beta of 0.79. The company’s 50-day moving average price is $32.44 and its 200-day moving average price is $33.31.

Bridge Bancorp (NASDAQ:BDGE) last issued its earnings results on Wednesday, July 26th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). Bridge Bancorp had a return on equity of 8.82% and a net margin of 22.91%. The company had revenue of $35.30 million during the quarter, compared to analyst estimates of $36.10 million. Analysts predict that Bridge Bancorp will post $1.92 EPS for the current year.

In related news, Director Dennis A. Suskind sold 1,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $32.50, for a total transaction of $32,500.00. Following the completion of the sale, the director now directly owns 79,550 shares of the company’s stock, valued at approximately $2,585,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.30% of the company’s stock.

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A number of equities analysts have recently issued reports on the company. ValuEngine raised Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research raised Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 target price on shares of Bridge Bancorp in a report on Thursday, August 10th. Finally, BidaskClub cut Bridge Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $38.50.

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).

Dividend History for Bridge Bancorp (NASDAQ:BDGE)

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