$0.48 EPS Expected for Bridge Bancorp, Inc. (BDGE)

October 12, 2017 - By Henry Gaston

 $0.48 EPS Expected for Bridge Bancorp, Inc. (BDGE)
Investors sentiment decreased to 1.33 in 2017 Q2. Its down 0.19, from 1.52 in 2017Q1. It worsened, as 5 investors sold Bridge Bancorp, Inc. shares while 25 reduced holdings. 12 funds opened positions while 28 raised stakes. 10.96 million shares or 1.42% more from 10.81 million shares in 2017Q1 were reported.
California State Teachers Retirement stated it has 0% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE). Renaissance Tech Llc holds 0.01% or 244,132 shares. Diamond Hill owns 17,480 shares. California Public Employees Retirement Sys, a California-based fund reported 18,204 shares. Schwab Charles Mngmt has 76,422 shares. Creative Planning owns 1,441 shares. First Trust Advsrs Limited Partnership reported 45,635 shares stake. 93,329 are held by Deutsche Bank Ag. 21,655 were reported by Rhumbline Advisers. Pnc Svcs Gp has 0% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 20 shares. Emerald Mutual Fund Advisers Tru invested in 0.33% or 225,409 shares. Winfield Associate Incorporated holds 0% or 50 shares. Citadel Advsrs Ltd Liability reported 20,123 shares. Great West Life Assurance Can holds 0% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 3,399 shares. Goldman Sachs Gru invested 0% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE).

Since April 28, 2017, it had 1 insider buy, and 18 insider sales for $20.72 million activity. $72,560 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) was sold by SUSKIND DENNIS A. Shares for $74,346 were sold by Manseau James J.. The insider NIELSEN RAYMOND A bought 4,195 shares worth $144,760. BASSWOOD CAPITAL MANAGEMENT – L.L.C. had sold 50,675 shares worth $1.69M on Monday, June 5. 2,166 Bridge Bancorp, Inc. (NASDAQ:BDGE) shares with value of $75,810 were sold by SANTACROCE KEVIN. McCaffery John Martin JR sold 1,096 shares worth $37,538.

Wall Street await Bridge Bancorp, Inc. (NASDAQ:BDGE) to release earnings on October, 26. Analysts forecast earnings per share of $0.48, down exactly $0.03 or 5.88 % from 2014’s $0.51 EPS. The expected BDGE’s profit could reach $9.46 million giving the stock 18.11 P/E in the case that $0.48 earnings per share is reported. After posting $0.45 EPS for the previous quarter, Bridge Bancorp, Inc.’s analysts now forecast 6.67 % EPS growth. About 9,278 shares traded. Bridge Bancorp, Inc. (NASDAQ:BDGE) has risen 18.07% since October 12, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.

Bridge Bancorp, Inc. (NASDAQ:BDGE) Ratings Coverage

Among 4 analysts covering Bridge Bancorp (NASDAQ:BDGE), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Bridge Bancorp had 5 analyst reports since April 15, 2016 according to SRatingsIntel. The firm has “Market Perform” rating given on Thursday, August 25 by Keefe Bruyette & Woods. Wood initiated Bridge Bancorp, Inc. (NASDAQ:BDGE) rating on Friday, April 15. Wood has “Market Perform” rating and $33 target. FIG Partners downgraded Bridge Bancorp, Inc. (NASDAQ:BDGE) on Friday, April 29 to “Market Perform” rating. The stock of Bridge Bancorp, Inc. (NASDAQ:BDGE) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, August 8. Hovde Group initiated the stock with “Market Perform” rating in Friday, January 6 report.

Bridge Bancorp, Inc. is a bank holding firm for The Bridgehampton National Bank . The company has market cap of $685.65 million. The Bank’s activities 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). It has a 18.4 P/E ratio. As of December 31, 2016, the Bank operated 40 branches in its primary market areas of Suffolk and Nassau Counties on Long Island and the New York City boroughs, including 38 in Suffolk and Nassau Counties, one in Bayside, Queens and one in Manhattan.

More recent Bridge Bancorp, Inc. (NASDAQ:BDGE) news were published by: Globenewswire.com which released: “Bridge Bancorp, Inc. Announces Commencement of Common Stock Offering” on November 21, 2016. Also Globenewswire.com published the news titled: “Bridge Bancorp, Inc. Announces Closing of Public Offering” on November 28, 2016. Globenewswire.com‘s news article titled: “Bridge Bancorp, Inc. Announces Fourth Quarter 2016 Dividend” with publication date: January 06, 2017 was also an interesting one.

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