BDGE has been the topic of a number of other research reports. Zacks Investment Research raised Bridge Bancorp from a sell rating to a hold rating in a research report on Tuesday, September 26th. ValuEngine raised Bridge Bancorp from a hold rating to a buy rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $40.50 target price on shares of Bridge Bancorp in a research report on Friday, December 22nd. Finally, FIG Partners reaffirmed a market-perform rating on shares of Bridge Bancorp in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $40.50.
Bridge Bancorp (NASDAQ:BDGE) remained flat at $$35.15 during trading hours on Wednesday. 20,542 shares of the stock traded hands, compared to its average volume of 66,533. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $697.73, a price-to-earnings ratio of 18.50 and a beta of 0.71. Bridge Bancorp has a one year low of $29.80 and a one year high of $38.25.
In other Bridge Bancorp news, major shareholder Basswood Capital Management, L purchased 109,633 shares of the stock in a transaction on Thursday, November 30th. The shares were purchased at an average price of $36.09 per share, with a total value of $3,956,654.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have acquired 117,357 shares of company stock worth $4,231,707. Company insiders own 5.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in Bridge Bancorp during the second quarter worth approximately $105,000. Aperio Group LLC bought a new stake in shares of Bridge Bancorp during the third quarter worth approximately $241,000. GSA Capital Partners LLP bought a new stake in shares of Bridge Bancorp during the third quarter worth approximately $258,000. Voya Investment Management LLC boosted its holdings in shares of Bridge Bancorp by 14.7% during the second quarter. Voya Investment Management LLC now owns 9,766 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 1,255 shares during the period. Finally, Strategic Advisors LLC boosted its holdings in shares of Bridge Bancorp by 0.5% during the second quarter. Strategic Advisors LLC now owns 9,938 shares of the financial services provider’s stock worth $331,000 after acquiring an additional 47 shares during the period. 56.79% of the stock is currently owned by hedge funds and other institutional investors.
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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).
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