Bridge Bancorp Incorporated (NASDAQ:BDGE) Can’t Be Less Risky. Short Interest Decreased

December 8, 2017 - By Richard Conner

 Bridge Bancorp Incorporated (NASDAQ:BDGE) Can't Be Less Risky. Short Interest Decreased

Investors sentiment decreased to 1.33 in 2017 Q2. Its down 0.19, from 1.52 in 2017Q1. It dived, 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.
Sg Americas Securities Ltd owns 0% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 3,140 shares. Moreover, Diamond Hill Cap has 0% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 17,480 shares. Moreover, Kennedy Inc has 0.1% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE). Metropolitan Life Insur Co Ny has invested 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE). Susquehanna International Grp Inc Limited Liability Partnership has 6,713 shares for 0% of their portfolio. Saybrook Cap Nc reported 47,577 shares. Goldman Sachs Grp Inc stated it has 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE). Deutsche Bank & Trust Ag invested in 0% or 93,329 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 893 shares for 0% of their portfolio. Banc Funds Comm Lc has 0.21% invested in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 137,965 shares. Natl Bank Of America Corp De stated it has 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE). 12 are owned by Ubs Asset Mngmt Americas. Janney Montgomery Scott Lc holds 0.01% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 16,633 shares. State Board Of Administration Of Florida Retirement Systems holds 7,464 shares. Tower Rech Limited Liability Corporation (Trc) has invested 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE).

Since June 8, 2017, it had 0 insider purchases, and 6 selling transactions for $6.56 million activity. $289,587 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) shares were sold by BASSWOOD CAPITAL MANAGEMENT – L.L.C..

The stock of Bridge Bancorp Incorporated (NASDAQ:BDGE) registered a decrease of 0.42% in short interest. BDGE’s total short interest was 546,500 shares in December as published by FINRA. Its down 0.42% from 548,800 shares, reported previously. With 24,500 shares average volume, it will take short sellers 22 days to cover their BDGE’s short positions. The short interest to Bridge Bancorp Incorporated’s float is 3.73%.

The stock decreased 0.28% or $0.1 during the last trading session, reaching $35.3. About 25,215 shares traded. Bridge Bancorp, Inc. (NASDAQ:BDGE) has risen 18.07% since December 8, 2016 and is uptrending. It has outperformed by 1.37% the S&P500.

Bridge Bancorp, Inc. operates as the bank holding firm for The Bridgehampton National Bank that provides commercial and consumer banking services in the United States. The company has market cap of $695.76 million. The Company’s deposit products include time, savings, and demand deposits. It has a 18.7 P/E ratio. The firm also provides various loans comprising commercial real estate mortgage, multi-family mortgage, residential real estate mortgage, real estate construction and land, commercial and consumer, home equity, and construction loan products; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities.

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 has $40 highest and $28 lowest target. $36.67’s average target is 3.88% above currents $35.3 stock price. Bridge Bancorp had 5 analyst reports since April 15, 2016 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, August 8. The stock has “Market Perform” rating by Hovde Group on Friday, January 6. The rating was maintained by Keefe Bruyette & Woods on Thursday, August 25 with “Market Perform”. FIG Partners downgraded Bridge Bancorp, Inc. (NASDAQ:BDGE) on Friday, April 29 to “Market Perform” rating. Wood initiated the stock with “Market Perform” rating in Friday, April 15 report.

More important recent Bridge Bancorp, Inc. (NASDAQ:BDGE) news were published by: Globenewswire.com which released: “Bridge Bancorp, Inc. Announces Fourth Quarter 2016 Dividend” on January 06, 2017, also Globenewswire.com published article titled: “Bridge Bancorp, Inc. Reports Third Quarter 2017 Results”, Globenewswire.com published: “Bridge Bancorp, Inc. Announces Closing of Public Offering” on November 28, 2016. More interesting news about Bridge Bancorp, Inc. (NASDAQ:BDGE) was released by: Globenewswire.com and their article: “Bridge Bancorp, Inc. Announces First Quarter 2017 Dividend” with publication date: April 07, 2017.

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