Bridge Bancorp, Inc. (NASDAQ:BDGE) CEO Kevin M. O’connor bought 1,500 shares of the stock in a transaction dated Wednesday, August 15th. The stock was purchased at an average cost of $35.05 per share, for a total transaction of $52,575.00. Following the acquisition, the chief executive officer now owns 157,925 shares in the company, valued at approximately $5,535,271.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NASDAQ BDGE traded up $0.85 on Thursday, hitting $35.55. 2,493 shares of the company were exchanged, compared to its average volume of 42,114. The company has a market cap of $692.48 million, a price-to-earnings ratio of 20.23 and a beta of 0.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.86. Bridge Bancorp, Inc. has a 1-year low of $29.80 and a 1-year high of $38.00.
The business also recently declared a quarterly dividend, which was paid on Monday, July 30th. Investors of record on Monday, July 23rd were given a dividend of $0.23 per share. The ex-dividend date was Friday, July 20th. This represents a $0.92 annualized dividend and a yield of 2.59%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Bridge Bancorp by 18.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 600,096 shares of the financial services provider’s stock worth $21,574,000 after buying an additional 92,498 shares in the last quarter. EJF Capital LLC lifted its position in Bridge Bancorp by 154.3% during the 1st quarter. EJF Capital LLC now owns 330,000 shares of the financial services provider’s stock worth $11,072,000 after buying an additional 200,209 shares in the last quarter. Renaissance Technologies LLC lifted its position in Bridge Bancorp by 20.4% during the 2nd quarter. Renaissance Technologies LLC now owns 238,600 shares of the financial services provider’s stock worth $8,578,000 after buying an additional 40,500 shares in the last quarter. Millennium Management LLC lifted its position in Bridge Bancorp by 70.6% during the 2nd quarter. Millennium Management LLC now owns 187,460 shares of the financial services provider’s stock worth $6,739,000 after buying an additional 77,578 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Bridge Bancorp by 4.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 97,230 shares of the financial services provider’s stock worth $3,496,000 after buying an additional 4,281 shares in the last quarter. Institutional investors and hedge funds own 56.61% of the company’s stock.
About Bridge Bancorp
Bridge Bancorp, Inc operates as the bank holding company for the BNB Bank that provide commercial and consumer banking products and services to small businesses, and municipal and consumer relationships. It accepts time, savings, and demand deposits. The company offers commercial real estate, multi-family mortgage, residential mortgage, secured and unsecured commercial and consumer, home equity, and construction loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.
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