Swiss National Bank Decreases Position in Bridge Bancorp, Inc. (BDGE)

Swiss National Bank decreased its position in shares of Bridge Bancorp, Inc. (NASDAQ:BDGE) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,500 shares of the financial services provider’s stock after selling 4,300 shares during the quarter. Swiss National Bank owned 0.13% of Bridge Bancorp worth $849,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Bridge Bancorp by 14.1% in the first quarter. Vanguard Group Inc. now owns 782,814 shares of the financial services provider’s stock valued at $27,399,000 after acquiring an additional 97,006 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bridge Bancorp by 22.3% in the first quarter. Dimensional Fund Advisors LP now owns 310,820 shares of the financial services provider’s stock valued at $10,879,000 after acquiring an additional 56,723 shares during the period. Renaissance Technologies LLC lifted its holdings in Bridge Bancorp by 29.2% in the first quarter. Renaissance Technologies LLC now owns 184,900 shares of the financial services provider’s stock valued at $6,472,000 after acquiring an additional 41,800 shares during the period. BTIM Corp. acquired a new position in Bridge Bancorp in the second quarter valued at approximately $5,987,000. Finally, Geode Capital Management LLC lifted its holdings in Bridge Bancorp by 3.5% in the first quarter. Geode Capital Management LLC now owns 176,852 shares of the financial services provider’s stock valued at $6,189,000 after acquiring an additional 5,963 shares during the period. 55.62% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the company. BidaskClub downgraded Bridge Bancorp from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 price target on shares of Bridge Bancorp in a report on Thursday, August 10th. Zacks Investment Research downgraded Bridge Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, ValuEngine raised Bridge Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Bridge Bancorp presently has an average rating of “Hold” and an average price target of $38.50.

Bridge Bancorp, Inc. (BDGE) opened at 34.50 on Friday. The firm has a market capitalization of $668.40 million, a P/E ratio of 18.05 and a beta of 0.79. The firm has a 50-day moving average price of $32.86 and a 200-day moving average price of $33.31. Bridge Bancorp, Inc. has a one year low of $26.90 and a one year high of $38.95.

Bridge Bancorp (NASDAQ:BDGE) last posted its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). Bridge Bancorp had a return on equity of 8.82% and a net margin of 22.91%. The company had revenue of $35.30 million for the quarter, compared to analyst estimates of $36.10 million. Equities analysts anticipate that Bridge Bancorp, Inc. will post $1.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 20th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, October 19th. This represents a $0.92 dividend on an annualized basis and a yield of 2.67%. Bridge Bancorp’s payout ratio is 47.92%.

In other Bridge Bancorp news, Director Dennis A. Suskind sold 1,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $32.50, for a total transaction of $32,500.00. Following the completion of the sale, the director now directly owns 79,550 shares of the company’s stock, valued at approximately $2,585,375. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.30% of the stock is currently owned by company insiders.

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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).

Institutional Ownership by Quarter for Bridge Bancorp (NASDAQ:BDGE)

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