Dividend Flows Coverage: Will Oct 28, 2016 be the day Bridge Bancorp, Inc. (NASDAQ:BDGE) makes dividends of $0.23?

Dividend Flows Coverage: Will Oct 28, 2016 be the day Bridge Bancorp, Inc. (NASDAQ:BDGE) makes dividends of $0.23?

Bridge Bancorp, Inc. (NASDAQ:BDGE) is expected to pay $0.23 on Oct 28, 2016. The indicated annual dividend is $0.92. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Bridge Bancorp, Inc.’s current price of $28.00, the dividend is 0.82%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 10, 2016. The stock decreased 1.10% or $0.31 during the last trading session, hitting $28. Bridge Bancorp, Inc. (NASDAQ:BDGE) has declined 3.51% since March 15, 2016 and is downtrending. It has underperformed by 9.00% the S&P500.

Bridge Bancorp, Inc. is a bank holding firm for The Bridgehampton National Bank . The company has a market cap of $493.89 million. The Bank engages in commercial and consumer banking business, including accepting time, savings and demand deposits from the consumers, businesses and local municipalities surrounding its branch offices. It has a 14.79 P/E ratio. These deposits, together with funds generated from activities and borrowings, are invested primarily in commercial real estate loans; multi-family mortgage loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations, and the United States government sponsored entity (U.S.

Insitutional Activity: The institutional sentiment decreased to 1.23 in Q2 2016. Its down 0.08, from 1.31 in 2016Q1. The ratio is negative, as 7 funds sold all Bridge Bancorp, Inc. shares owned while 19 reduced positions. 2 funds bought stakes while 30 increased positions. They now own 8.81 million shares or 0.61% more from 8.75 million shares in 2016Q1.
Dimensional Fund Advsrs Limited Partnership holds 158,039 shares or 0% of its portfolio. Tower Rech Capital Lc (Trc) last reported 0% of its portfolio in the stock. Invesco accumulated 9,013 shares or 0% of the stock. Moreover, Castine Limited Liability Company has 2.21% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 162,039 shares. Ameriprise last reported 0% of its portfolio in the stock. Moreover, Ifc Fl has 0.03% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 8,379 shares. State Street owns 238,550 shares or 0% of their US portfolio. Jpmorgan Chase has 0% invested in the company for 213,833 shares. Fj Cap Mngmt Limited Liability Company holds 546,000 shares or 3.08% of its portfolio. Ulysses Mngmt has 461,814 shares for 1.54% of their US portfolio. Oberweis Asset Mgmt Inc, a Illinois-based fund reported 13,680 shares. Blackrock Gru Ltd accumulated 3,740 shares or 0% of the stock. New York State Common Retirement Fund accumulated 0% or 19,300 shares. The California-based Schwab Charles Invest Management has invested 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE). Northern Tru Corporation accumulated 0% or 171,027 shares.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 11 insider sales for $1.57 million net activity. 1,500 shares were sold by SUSKIND DENNIS A, worth $43,361 on Monday, August 1. BASSWOOD CAPITAL MANAGEMENT – L.L.C. also sold $328,636 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) shares. $26,865 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) was sold by NOLAN HOWARD H on Thursday, August 18. BASSWOOD PARTNERS – L.L.C. also sold $328,636 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) on Monday, May 2. NIELSEN RAYMOND A also sold $22,328 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) shares.

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

Out of 3 analysts covering Bridge Bancorp (NASDAQ:BDGE), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. $33 is the highest target while $28 is the lowest. The $30.50 average target is 8.93% above today’s ($28) stock price. Bridge Bancorp has been the topic of 3 analyst reports since April 15, 2016 according to StockzIntelligence Inc. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Thursday, August 25. The rating was initiated by Wood on Friday, April 15 with “Market Perform”. The firm has “Market Perform” rating given on Friday, April 29 by FIG Partners.

More important recent Bridge Bancorp, Inc. (NASDAQ:BDGE) news were published by: Marketwatch.com which released: “Virtual Stock Exchange” on April 18, 2011, also Globenewswire.com published article titled: “Bridge Bancorp, Inc. Announces Agreement to Acquire Community National Bank”, Globenewswire.com published: “Bridge Bancorp, Inc. Completes Acquisition of Community National Bank (CNB)” on June 22, 2015. More interesting news about Bridge Bancorp, Inc. (NASDAQ:BDGE) was released by: Nasdaq.com and their article: “Bridge Bancorp, Inc. Announces Second Quarter 2016 Dividend” with publication date: April 21, 2016.

BDGE Company Profile

Bridge Bancorp, Inc., incorporated on October 13, 1988, is a bank holding firm for The Bridgehampton National Bank (the Bank). The Bank engages in 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 activities and borrowings, are invested primarily in commercial real estate loans; multi-family mortgage loans; home equity loans; construction loans; residential mortgage loans; secured and unsecured commercial and consumer loans; Federal Home Loan Bank (FHLB), Federal National Mortgage Association (FNMA), Government National Mortgage Association (GNMA) and Federal Home Loan Mortgage Corporation (FHLMC) and non-agency mortgage-backed securities, collateralized mortgage obligations and other asset backed securities; New York State and local municipal obligations, and the United States government sponsored entity (U.S. GSE) securities. The Bank’s activities include Bridgehampton Community, Inc. (BCI), which is its real estate investment trust subsidiary; Bridge Abstract LLC (Bridge Abstract), which is a financial title insurance subsidiary, and Bridge Financial Services LLC (Bridge Financial Services), which is an investment services subsidiary.

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