Bridge Bancorp (BDGE) to Release Quarterly Earnings on Thursday

Bridge Bancorp (NASDAQ:BDGE) will issue its Q3 2019 quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.66 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Bridge Bancorp (NASDAQ:BDGE) last posted its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.14). The firm had revenue of $41.02 million for the quarter, compared to analyst estimates of $41.20 million. Bridge Bancorp had a return on equity of 11.24% and a net margin of 22.25%. On average, analysts expect Bridge Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

NASDAQ BDGE opened at $29.99 on Wednesday. The firm has a market cap of $587.18 million, a price-to-earnings ratio of 11.27 and a beta of 1.11. The company has a 50 day moving average of $29.16 and a 200-day moving average of $29.09. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.76. Bridge Bancorp has a 1-year low of $24.12 and a 1-year high of $33.88.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 18th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Thursday, October 17th. Bridge Bancorp’s payout ratio is 34.59%.

BDGE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. BidaskClub raised shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. DA Davidson initiated coverage on shares of Bridge Bancorp in a report on Thursday, October 3rd. They set a “neutral” rating and a $33.00 price objective for the company. Finally, ValuEngine raised shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Bridge Bancorp currently has an average rating of “Hold” and a consensus target price of $32.67.

In related news, major shareholder Nathan Lindenbaum purchased 3,875 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $27.16 per share, with a total value of $105,245.00. Following the completion of the acquisition, the insider now directly owns 10,015 shares in the company, valued at approximately $272,007.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin Santacroce sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $29.33, for a total transaction of $43,995.00. Following the completion of the sale, the insider now directly owns 39,198 shares of the company’s stock, valued at approximately $1,149,677.34. The disclosure for this sale can be found here. Company insiders own 15.50% of the company’s stock.

Bridge Bancorp Company Profile

Bridge Bancorp, Inc operates as the bank holding company for the BNB Bank that provide commercial and consumer banking products and services to small businesses, and municipal and consumer relationships. It accepts time, savings, and demand deposits. The company offers commercial real estate, multi-family mortgage, residential mortgage, secured and unsecured commercial and consumer, home equity, and construction and land loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.

Featured Story: The role of implied volatility with call option volume

Earnings History for Bridge Bancorp (NASDAQ:BDGE)

Receive News & Ratings for Bridge Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bridge Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.