Press coverage about Bridge Bancorp (NASDAQ:BDGE) has trended somewhat positive on Monday, according to Accern. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Bridge Bancorp earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.2576459659461 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Contrasting City Holding (CHCO) & Bridge Bancorp (BDGE) (americanbankingnews.com)
- Bridge Bancorp : posts 3Q profit (4-traders.com)
- Bridge Bancorp, Inc. : BDGE-US: Dividend Analysis : October 20th, 2017 (record date) : By the numbers : October 26, 2017 (finance.yahoo.com)
- Bridge Bancorp, Inc. (BDGE) Announces Earnings Results (americanbankingnews.com)
- Bridge Bancorp posts 3Q profit (finance.yahoo.com)
A number of analysts have recently issued reports on the company. Zacks Investment Research cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. BidaskClub cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 price objective on shares of Bridge Bancorp in a research report on Thursday, August 10th. Finally, ValuEngine raised Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.50.
Bridge Bancorp (NASDAQ BDGE) traded down 4.75% during mid-day trading on Monday, reaching $35.10. The company had a trading volume of 11,782 shares. The company’s 50-day moving average is $33.56 and its 200-day moving average is $33.36. Bridge Bancorp has a one year low of $26.90 and a one year high of $38.95. The stock has a market capitalization of $680.03 million, a PE ratio of 18.37 and a beta of 0.78.
Bridge Bancorp (NASDAQ:BDGE) last posted its quarterly earnings data 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). The company had revenue of $37.32 million during the quarter, compared to analyst estimates of $36.50 million. Equities research analysts anticipate that Bridge Bancorp will post $1.92 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 20th were paid a $0.23 dividend. The ex-dividend date was Thursday, October 19th. This represents a $0.92 annualized dividend and a yield of 2.50%. Bridge Bancorp’s payout ratio is 48.42%.
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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).
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