Bridge Bancorp Inc (NASDAQ:BDGE) Stock Is Shorted Less

May 17, 2018 - By Eugene Smith

Investors sentiment decreased to 1.03 in 2017 Q4. Its down 0.69, from 1.72 in 2017Q3. It turned negative, as 2 investors sold Bridge Bancorp, Inc. shares while 32 reduced holdings. 11 funds opened positions while 24 raised stakes. 11.14 million shares or 0.46% less from 11.19 million shares in 2017Q3 were reported.
Great West Life Assurance Can has invested 0% of its portfolio in Bridge Bancorp, Inc. (NASDAQ:BDGE). Btim reported 176,158 shares. Aqr Mgmt Llc stated it has 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE). Renaissance Techs Ltd reported 188,000 shares. Amg Trust Bank & Trust accumulated 17,212 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 893 shares. Tokio Marine Asset Mngmt Com, Japan-based fund reported 34,543 shares. Raymond James And Assocs holds 0.01% or 85,181 shares in its portfolio. 200 are held by Community Bank Na. Aperio Group Incorporated Lc reported 7,964 shares. Banc Funds Llc has 135,220 shares for 0.22% of their portfolio. Douglass Winthrop Advsr Ltd Llc accumulated 6,000 shares or 0.01% of the stock. 14,836 are held by Manufacturers Life Insur The. 10,037 were accumulated by Strategic Advsr Limited Liability. Schwab Charles Mngmt reported 0% in Bridge Bancorp, Inc. (NASDAQ:BDGE).

Since February 5, 2018, it had 7 insider buys, and 0 sales for $6.75 million activity. On Tuesday, May 1 the insider BASSWOOD CAPITAL MANAGEMENT – L.L.C. bought $3.93M.

The stock of Bridge Bancorp Inc (NASDAQ:BDGE) registered a decrease of 5.56% in short interest. BDGE’s total short interest was 441,300 shares in May as published by FINRA. Its down 5.56% from 467,300 shares, reported previously. With 50,400 shares average volume, it will take short sellers 9 days to cover their BDGE’s short positions. The short interest to Bridge Bancorp Inc’s float is 2.76%.

The stock increased 0.93% or $0.34 during the last trading session, reaching $37.19. About 14,700 shares traded. Bridge Bancorp, Inc. (NASDAQ:BDGE) has declined 2.05% since May 17, 2017 and is downtrending. It has underperformed by 13.60% 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 $735.27 million. The Company’s deposit products include time, savings, and demand deposits. It has a 35.76 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 3 analysts covering Bridge Bancorp (NASDAQ:BDGE), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Bridge Bancorp had 6 analyst reports since December 22, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained Bridge Bancorp, Inc. (NASDAQ:BDGE) rating on Tuesday, February 6. Keefe Bruyette & Woods has “Hold” rating and $36.5 target. The stock of Bridge Bancorp, Inc. (NASDAQ:BDGE) has “Buy” rating given on Wednesday, January 3 by Sandler O’Neill. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, December 22. The firm has “Hold” rating given on Wednesday, February 7 by Hovde Group. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 26. The stock of Bridge Bancorp, Inc. (NASDAQ:BDGE) has “Buy” rating given on Thursday, February 8 by Sandler O’Neill.

Another recent and important Bridge Bancorp, Inc. (NASDAQ:BDGE) news was published by Globenewswire.com which published an article titled: “Bridge Bancorp, Inc. Reports First Quarter 2018 Results” on April 25, 2018.

Bridge Bancorp, Inc. (NASDAQ:BDGE) Institutional Positions Chart

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