GSA Capital Partners LLP Buys New Stake in Bridge Bancorp, Inc. (BDGE)

GSA Capital Partners LLP bought a new stake in shares of Bridge Bancorp, Inc. (NASDAQ:BDGE) in the 3rd quarter, Holdings Channel reports. The firm bought 7,597 shares of the financial services provider’s stock, valued at approximately $258,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Bridge Bancorp during the second quarter valued at approximately $105,000. Aperio Group LLC purchased a new position in shares of Bridge Bancorp during the third quarter valued at approximately $241,000. Voya Investment Management LLC boosted its position in shares of Bridge Bancorp by 14.7% during the second quarter. Voya Investment Management LLC now owns 9,766 shares of the financial services provider’s stock valued at $325,000 after buying an additional 1,255 shares during the period. Strategic Advisors LLC boosted its position in shares of Bridge Bancorp by 0.5% during the second quarter. Strategic Advisors LLC now owns 9,938 shares of the financial services provider’s stock valued at $331,000 after buying an additional 47 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in shares of Bridge Bancorp during the second quarter valued at approximately $345,000. Institutional investors and hedge funds own 56.79% of the company’s stock.

Several research firms have recently weighed in on BDGE. FIG Partners reaffirmed a “market-perform” rating on shares of Bridge Bancorp in a research note on Thursday, October 26th. Sandler O’Neill set a $41.00 price target on shares of Bridge Bancorp and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.50 price target on shares of Bridge Bancorp in a research note on Friday, December 22nd. ValuEngine raised shares of Bridge Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Bridge Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Bridge Bancorp currently has a consensus rating of “Hold” and a consensus price target of $40.75.

In related news, major shareholder Basswood Capital Management, L purchased 3,862 shares of the firm’s stock in a transaction dated Friday, December 22nd. The stock was purchased at an average price of $35.61 per share, with a total value of $137,525.82. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 117,357 shares of company stock valued at $4,231,707 in the last ninety days. Insiders own 5.30% of the company’s stock.

Shares of Bridge Bancorp, Inc. (NASDAQ:BDGE) opened at $35.55 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.92 and a current ratio of 0.92. Bridge Bancorp, Inc. has a 12 month low of $29.80 and a 12 month high of $37.95. The firm has a market cap of $700.69, a P/E ratio of 18.91 and a beta of 0.71.

Bridge Bancorp (NASDAQ:BDGE) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.03). Bridge Bancorp had a net margin of 22.62% and a return on equity of 8.52%. The company had revenue of $37.32 million for the quarter, compared to the consensus estimate of $36.50 million. sell-side analysts expect that Bridge Bancorp, Inc. will post 1.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Monday, January 22nd will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, January 19th. Bridge Bancorp’s dividend payout ratio is presently 48.94%.

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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).

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

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