Bridge Bancorp (NASDAQ:BDGE) had declared a cash dividend of $0.2300 on Jul 8, 2016. The shares will quote ex-dividend on Jul 20, 2016 and the record date has been fixed for Jul 22, 2016. On Jul 8, 2016 share price, the yield comes out to be 3.2999%. The dividend payable date has been fixed on Jul 29, 2016.
In a different note, Keefe Bruyette & Woods said it Initiates Coverage on Bridge Bancorp, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Market Perform’ by the firm.
Bridge Bancorp (BDGE) made into the market gainers list on Wednesdays trading session with the shares advancing 1.31% or 0.38 points. Due to strong positive momentum, the stock ended at $29.39, which is also near the day’s high of $29.48. The stock began the session at $28.97 and the volume stood at 38,184 shares. The 52-week high of the shares is $32.4 and the 52 week low is $25.57. The company has a current market capitalization of $513 M and it has 1,74,58,781 shares in outstanding.
Bridge Bancorp(BDGE) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $33.43M. Analysts had an estimated revenue of $30.18M. Earnings per share were $0.49. Analysts had estimated an EPS of $0.50.
Several Insider Transactions has been reported to the SEC. On Jun 27, 2016, Marcia Hefter (director) purchased 1,500 shares at $27.95 per share price.Also, On Jun 27, 2016, Charles I Massoud (director) purchased 1,500 shares at $28.00 per share price.On Jun 23, 2016, Raymond A Nielsen (director) sold 4,688 shares at $29.09 per share price, according to the Form-4 filing with the securities and exchange commission.
Bridge Bancorp Inc. is a bank holding company for The Bridgehampton National Bank (the Bank). The Company through its subsidiaries engages in service commercial and consumer banking business including accepting time savings and demand deposits from the consumers businesses and local municipalities surrounding its branch offices. The Bank operates approximately 40 retail branch locations serving Long Island and the greater New York metropolitan area. The Bank offers merchant credit and debit card processing automated teller machines cash management services online banking services remote deposit capture individual retirement accounts and investment services among others through Bridge Investment Services. The Bank 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.