The $0.23 mark is well within reach for Bridge Bancorp, Inc. (NASDAQ:BDGE).

July 18, 2017 - By wolcottdaily

 The $0.23 mark is well within reach for Bridge Bancorp, Inc. (NASDAQ:BDGE).
Investors sentiment decreased to 2.36 in Q4 2016. Its down 0.17, from 2.53 in 2016Q3. It is negative, as 7 investors sold Bridge Bancorp, Inc. shares while 15 reduced holdings. 17 funds opened positions while 35 raised stakes. 10.58 million shares or 19.30% more from 8.87 million shares in 2016Q3 were reported.
Strategic Ltd Liability holds 0.18% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 9,299 shares. Raymond James Assocs holds 0.01% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 70,242 shares. Blackrock Institutional Communication Na stated it has 306,875 shares or 0% of all its holdings. Moreover, Invesco Ltd has 0% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 8,962 shares. Bnp Paribas Arbitrage holds 0% or 1,040 shares in its portfolio. New York State Common Retirement Fund accumulated 19,300 shares or 0% of the stock. Banc Funds Company Limited Company holds 137,965 shares or 0.22% of its portfolio. Manufacturers Life Ins Com The invested in 0% or 12,602 shares. Highlander Cap Management Llc has invested 0.07% in Bridge Bancorp, Inc. (NASDAQ:BDGE). Swiss National Bank & Trust holds 29,800 shares. Lord Abbett Communication Ltd Liability Com reported 112,724 shares. Saybrook Capital Nc invested 1.16% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE). Schwab Charles Mngmt Incorporated stated it has 0% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE). State Board Of Administration Of Florida Retirement System reported 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE). Massachusetts-based Rhumbline Advisers has invested 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE).

Since February 27, 2017, it had 1 buying transaction, and 21 insider sales for $21.15 million activity. 2,000 shares valued at $72,800 were sold by SUSKIND DENNIS A on Wednesday, March 1. McCaffery John Martin JR had sold 1,096 shares worth $37,538. BASSWOOD PARTNERS – L.L.C. had sold 23,443 shares worth $790,871 on Friday, June 16. Manseau James J. sold 2,045 shares worth $74,346. TOBIN THOMAS J sold $245,954 worth of stock. NIELSEN RAYMOND A bought $144,760 worth of stock or 4,195 shares.

Bridge Bancorp, Inc. (NASDAQ:BDGE) is expected to pay $0.23 on Jul 28, 2017. The indicated annual dividend is $0.92. Shareholders owning the stock before Jul 19, 2017 will be eligible to receive the payout. Based on Bridge Bancorp, Inc.’s current price of $33.45, the dividend is 0.69 %. This dividend’s record date is Jul 21, 2017 and the announcement date is Jul 10, 2017. The stock increased 0.30% or $0.1 during the last trading session, reaching $33.45. About shares traded. Bridge Bancorp, Inc. (NASDAQ:BDGE) has risen 18.07% since July 18, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.

Bridge Bancorp, Inc. is a bank holding firm for The Bridgehampton National Bank . The company has market cap of $652.25 million. The Bank’s activities 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). It has a 17.3 P/E ratio. As of December 31, 2016, the Bank operated 40 branches in its primary market areas of Suffolk and Nassau Counties on Long Island and the New York City boroughs, including 38 in Suffolk and Nassau Counties, one in Bayside, Queens and one in Manhattan.

Bridge Bancorp, Inc. (NASDAQ:BDGE) Ratings Coverage

Among 4 analysts covering Bridge Bancorp (NASDAQ:BDGE), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Bridge Bancorp has $40 highest and $28 lowest target. $33.67’s average target is 0.66% above currents $33.45 stock price. Bridge Bancorp had 4 analyst reports since April 15, 2016 according to SRatingsIntel. The firm has “Market Perform” rating by Wood given on Friday, April 15. The stock of Bridge Bancorp, Inc. (NASDAQ:BDGE) earned “Market Perform” rating by Keefe Bruyette & Woods on Thursday, August 25. FIG Partners downgraded the stock to “Market Perform” rating in Friday, April 29 report. The rating was initiated by Hovde Group with “Market Perform” on Friday, January 6.

Another recent and important Bridge Bancorp, Inc. (NASDAQ:BDGE) news was published by Globenewswire.com which published an article titled: “Bridge Bancorp, Inc. Announces Commencement of Common Stock Offering” on November 21, 2016.

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