Insider Trading in Focus: Bridge Bancorp, Inc. $BDGE

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Bridge Bancorp, Inc. (BDGE) insider have most recently took part in a trading activity. On Jun 20, 2017 Basswood Capital Management, L.l.c., 10% Owner bought 2,369 shares having total worth of $78,414 at the price of $33.1 per share, following the transaction a total of 168,805 shares owned by Basswood Capital Management, L.l.c.. Before this latest buy, Basswood Capital Management, L.l.c. purchased BDGE at 1 other times during the past twelve months, for a total investment of $248M at an average of $31 per share.

The stock has experienced a total of 21 insider trades in the past three months. These trades include 20 sell activities and 1 buy trades. Furthermore, over the past 12 months , the stock was traded 40 times by insiders. In 34 of these trades, the insider was a seller while an employee of the company was the buyer in 6 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 1 20 -9.44%
12 Month 6 34 9.24%

Shares of Bridge Bancorp, Inc. (BDGE) traded down 2.72% on Jun 21, 2017, hitting $32.15. 44,533 shares of the company’s stock traded hands. Bridge Bancorp, Inc. has a 52 week low of $26.57 and a 52 week high of $38.95. The company’s market cap is $505 million.

Bridge Bancorp, Inc. (BDGE) last announced its earnings results on Apr 26, 2017. The company reported 0.47 earnings per share (EPS) for the quarter, same as the consensus estimate of 0.47. The company had revenue of $35 million for the quarter, compared to the consensus estimate of $31 million. During the same quarter in the previous year, the company posted 0.49 earnings per share. The company’s revenue for the quarter was up 3% on a year-over-year basis.

2017-04-26 2017-01-27 2016-10-27 2016-01-29 2015-10-27 2015-07-29 2015-04-29 2015-01-29 2014-10-27 2014-07-28
earnings per share 0.47 0.50 0.51 0.49 0.49 0.00 0.41 0.36 0.42 0.39
Revenue(M) 34.58 33.91 34.72 31.32 33.01 0 21.5 17.74 17.36 0

Bridge Bancorp, Inc., was incorporated under the laws of the State of New York in 1988. It is a bank holding company for The Bridgehampton National Bank. The Bank operates twenty two branches on eastern Long Island. Federally chartered in 1910, the Bank was founded by local farmers and merchants. The Bank engages in full service commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities surrounding its branch offices. These deposits, together with funds generated from operations and borrowings, are invested primarily in: commercial real estate loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; FHLB, FNMA, GNMA and FHLMC and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations; and U.S government sponsored entity securities. The Bank also offers the CDARS program, providing up to $50.0 million of FDIC insurance to its customers. In addition, the Bank offers merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, individual retirement accounts and investment services through Bridge Investment Services, offering a full range of investment products and services through a third party broker dealer. Through its title insurance abstract subsidiary, the Bank acts as a broker for title insurance services. The Bank’s customer base is comprised principally of small businesses, municipal relationships and consumer relationships. The Bank’s principal market area is located in Suffolk County, New York. The Bank competes with commercial banks, savings banks, credit unions, insurance companies, and brokerage and investment banking firms. The Bank and Company are subject to extensive regulation, supervision and examination by the OCC, the FDIC, the Federal Reserve Board and the SEC.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.