Somewhat Positive News Coverage Somewhat Unlikely to Impact Bridge Bancorp (BDGE) Stock Price

Media coverage about Bridge Bancorp (NASDAQ:BDGE) has trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bridge Bancorp earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 44.7838511479462 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $37.00 target price on shares of Bridge Bancorp in a research note on Thursday, August 10th. BidaskClub cut Bridge Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research cut Bridge Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

Bridge Bancorp (NASDAQ:BDGE) traded up 1.14% during midday trading on Tuesday, hitting $31.15. The stock had a trading volume of 4,625 shares. The stock has a market cap of $603.50 million, a PE ratio of 16.30 and a beta of 0.81. Bridge Bancorp has a 52-week low of $26.90 and a 52-week high of $38.95. The company’s 50 day moving average price is $31.43 and its 200-day moving average price is $33.66.

Bridge Bancorp (NASDAQ:BDGE) last announced its quarterly earnings results 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 business had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $36.10 million. Analysts forecast that Bridge Bancorp will post $1.92 EPS for the current fiscal year.

In other Bridge Bancorp news, major shareholder Basswood Capital Management, L sold 39,454 shares of the business’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $33.74, for a total value of $1,331,177.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Dennis A. Suskind sold 1,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 79,550 shares in the company, valued at approximately $2,585,375. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,444 shares of company stock valued at $3,903,469. 5.30% of the stock is owned by corporate insiders.

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About Bridge Bancorp

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).

Insider Buying and Selling by Quarter for Bridge Bancorp (NASDAQ:BDGE)

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