Bridge Bancorp, Inc. (NASDAQ:BDGE) announced a quarterly dividend on Tuesday, January 9th, Wall Street Journal reports. Shareholders of record on Monday, January 22nd will be paid a dividend of 0.23 per share by the financial services provider on Wednesday, January 31st. This represents a $0.92 annualized dividend and a yield of 2.61%. The ex-dividend date is Friday, January 19th.

Shares of Bridge Bancorp (NASDAQ:BDGE) traded up $0.25 during mid-day trading on Tuesday, reaching $35.25. 17,975 shares of the company’s stock traded hands, compared to its average volume of 43,879. The stock has a market cap of $700.69, a PE ratio of 18.75 and a beta of 0.71. Bridge Bancorp has a 1-year low of $29.80 and a 1-year high of $37.95. 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 (NASDAQ:BDGE) last announced its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.03). Bridge Bancorp had a return on equity of 8.52% and a net margin of 22.62%. The company had revenue of $37.32 million during the quarter, compared to analysts’ expectations of $36.50 million. research analysts forecast that Bridge Bancorp will post 1.89 EPS for the current fiscal year.

Several equities analysts recently commented on BDGE shares. Sandler O’Neill set a $41.00 price target on shares of Bridge Bancorp and gave the company a “buy” rating in a report on Wednesday, January 3rd. ValuEngine upgraded shares of Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.50 price target on shares of Bridge Bancorp in a report on Friday, December 22nd. Finally, FIG Partners reiterated a “market-perform” rating on shares of Bridge Bancorp in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.75.

In other Bridge Bancorp news, major shareholder Basswood Capital Management, L purchased 3,862 shares of the stock in a transaction dated Friday, December 22nd. The stock was purchased at an average price of $35.61 per share, with a total value of $137,525.82. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders bought a total of 117,357 shares of company stock valued at $4,231,707 in the last ninety days. Corporate insiders own 5.30% of the company’s stock.

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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).

Dividend History for Bridge Bancorp (NASDAQ:BDGE)

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