Short Interest Watching: A Reversal for Bridge Bancorp Incorporated (NASDAQ:BDGE) Is Near. The Stock Has Decrease in Shorts

November 25, 2016 - By Vivian Park   ·   0 Comments

Short Interest Watching: A Reversal for Bridge Bancorp Incorporated (NASDAQ:BDGE) Is Near. The Stock Has Decrease in Shorts

The stock of Bridge Bancorp Incorporated (NASDAQ:BDGE) registered a decrease of 4.92% in short interest. BDGE’s total short interest was 832,300 shares in November as published by FINRA. Its down 4.92% from 875,400 shares, reported previously. With 43,600 shares average volume, it will take short sellers 19 days to cover their BDGE’s short positions. The short interest to Bridge Bancorp Incorporated’s float is 5.78%. About 12,857 shares traded hands. Bridge Bancorp, Inc. (NASDAQ:BDGE) has risen 6.27% since April 22, 2016 and is uptrending. It has outperformed by 0.86% the S&P500.

Bridge Bancorp, Inc. is a bank holding firm for The Bridgehampton National Bank . The company has a market cap of $595.63 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 17.33 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 increased to 2.53 in 2016 Q2. Its up 1.30, from 1.23 in 2016Q1. The ratio is positive, 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.
Credit Suisse Ag last reported 15,908 shares in the company. Deutsche Commercial Bank Ag has 0% invested in the company for 105,091 shares. Retail Bank Of America Corp De reported 31,121 shares or 0% of all its holdings. Banc Funds Co Limited Com, a Illinois-based fund reported 87,965 shares. Strategic Advisors Ltd Liability Com holds 0.14% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 8,491 shares. Price T Rowe Assoc Md accumulated 0.01% or 1.46 million shares. Castine Cap Mgmt Lc, a Massachusetts-based fund reported 162,039 shares. Ameriprise holds 0% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE) for 108,210 shares. Wells Fargo And Com Mn, a California-based fund reported 5,789 shares. Metropolitan Life Ny owns 12,491 shares or 0% of their US portfolio. Ulysses Management Limited Liability Company has 461,814 shares for 1.54% of their US portfolio. Nationwide Fund Advsr, a Pennsylvania-based fund reported 10,913 shares. Renaissance Ltd last reported 0.01% of its portfolio in the stock. Hightower Limited Com has invested 0.01% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE). Highlander Capital Mgmt Limited Co holds 0.05% or 2,000 shares in its portfolio.

Insider Transactions: Since June 6, 2016, the stock had 3 buys, and 10 selling transactions for $42.11 million net activity. $30,550 worth of shares were sold by SUSKIND DENNIS A on Monday, June 6. On Wednesday, November 2 McCOY JR. ALBERT E bought $136,436 worth of the stock or 5,000 shares. BASSWOOD CAPITAL MANAGEMENT – L.L.C. also bought $24.80M worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) on Tuesday, November 22. NOLAN HOWARD H also sold $26,865 worth of Bridge Bancorp, Inc. (NASDAQ:BDGE) on Thursday, August 18. Another trade for 734 shares valued at $22,328 was sold by NIELSEN RAYMOND A. BASSWOOD PARTNERS – L.L.C. bought $18.15M worth of stock or 585,465 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. Bridge Bancorp has been the topic of 3 analyst reports since April 15, 2016 according to StockzIntelligence Inc. The stock of Bridge Bancorp, Inc. (NASDAQ:BDGE) earned “Market Perform” rating by Keefe Bruyette & Woods on Thursday, August 25. Wood initiated the stock with “Market Perform” rating in Friday, April 15 report. The firm earned “Market Perform” rating on Friday, April 29 by FIG Partners.

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.

More recent Bridge Bancorp, Inc. (NASDAQ:BDGE) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 18, 2011. Also Globenewswire.com published the news titled: “Bridge Bancorp, Inc. Announces Agreement to Acquire Community National Bank” on December 15, 2014. Globenewswire.com‘s news article titled: “Bridge Bancorp, Inc. Reports Second Quarter 2016 Results” with publication date: July 28, 2016 was also an interesting one.

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By Vivian Park


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