Revenue Update on Bridge Bancorp(NASDAQ:BDGE)

Bridge Bancorp(NASDAQ:BDGE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $34.86M. Analysts estimated a revenue of $31.52M. Earnings per share were $0.52. Analysts had estimated an EPS of $0.52.

Bridge Bancorp (BDGE) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.27% at a volume of 31,435. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.48. The peak price level was also seen at $29.48 while the days lowest was $28.85. Finally the shares closed at $29.15. The 52-week high of the shares is $32.4 while the 52-week low is $25.57. According to the latest information available, the market cap of the company is $509 M.

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.

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