Bridge Bancorp (BDGE) Scheduled to Post Quarterly Earnings on Tuesday
Bridge Bancorp (NASDAQ:BDGE) will be announcing its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.66 per share for the quarter.
Bridge Bancorp (NASDAQ:BDGE) last issued its quarterly earnings data on Monday, January 28th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $39.21 million during the quarter. Bridge Bancorp had a net margin of 21.73% and a return on equity of 10.59%. On average, analysts expect Bridge Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ:BDGE opened at $31.34 on Tuesday. The stock has a market cap of $615.09 million, a PE ratio of 11.78 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.70. Bridge Bancorp has a 12 month low of $24.12 and a 12 month high of $38.00.
In other news, Director Basswood Capital Management, L sold 11,692 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $31.41, for a total transaction of $367,245.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders have sold 209,692 shares of company stock valued at $5,976,447. Insiders own 13.80% of the company’s stock.
Several equities analysts have recently commented on BDGE shares. BidaskClub downgraded shares of Bridge Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 9th. TheStreet raised shares of Bridge Bancorp from a “c+” rating to a “b-” rating in a research note on Thursday, February 14th. ValuEngine downgraded shares of Bridge Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Finally, Boenning Scattergood started coverage on shares of Bridge Bancorp in a research note on Monday, April 1st. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.
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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 loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.
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