Bridge Bancorp, Inc. (NASDAQ:BDGE) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 28, 2016
Boasting a price of $28.98, Bridge Bancorp, Inc. (NASDAQ:BDGE) traded 0.31% higher on the day. With the last stock price close down -2.04% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Bridge Bancorp, Inc. has recorded a 50-day average of $29.61 and a two hundred day average of $29.58. Volume of trade was down over the average, with 64,780 shares of BDGE changing hands under the typical 72,359
Zacks Investment Research has upgraded Bridge Bancorp, Inc. (NASDAQ:BDGE) to Hold in a statement released on 09/28/2016.
Recent Performance Chart
Bridge Bancorp, Inc. has PE ratio of 15.20 with a one year low of $25.74 and a one year high of $32.40 and has a market capitalization of $0.
A total of 4 brokerages have issued a ratings update on Bridge Bancorp, Inc.. One analyst rating the company a strong buy, two analysts rating the company a buy, zero analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $32.75.
Brief Synopsis About Bridge Bancorp, Inc. (NASDAQ:BDGE)
Bridge Bancorp, Inc. is a bank holding company 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 operations 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.
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