Bridge Bancorp
Market Cap
US$407.0m
Last Updated
2020/08/14 11:30 UTC
Data Sources
Company Financials +
Executive Summary
Bridge Bancorp, Inc. operates as the bank holding company for the BNB Bank that provide commercial and consumer banking products and services to small businesses, and municipal and consumer relationships.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 4.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has Bridge Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BDGE has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.1%
BDGE
3.1%
US Banks
0.5%
US Market
1 Year Return
-27.3%
BDGE
-15.2%
US Banks
18.7%
US Market
Return vs Industry: BDGE underperformed the US Banks industry which returned -15.2% over the past year.
Return vs Market: BDGE underperformed the US Market which returned 18.7% over the past year.
Shareholder returns
| BDGE | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | 3.1% | 0.5% |
| 30 Day | 7.9% | 5.7% | 4.9% |
| 90 Day | 9.3% | 20.1% | 19.8% |
| 1 Year | -24.2%-27.3% | -12.2%-15.2% | 21.2%18.7% |
| 3 Year | -26.5%-33.4% | -7.2%-14.8% | 46.2%36.8% |
| 5 Year | -12.7%-25.5% | 20.9%6.0% | 85.3%65.1% |
Price Volatility Vs. Market
How volatile is Bridge Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Earnings Report: Bridge Bancorp, Inc. Missed Revenue Estimates By 6.1%1 month ago | Simply Wall St
Be Sure To Check Out Bridge Bancorp, Inc. (NASDAQ:BDGE) Before It Goes Ex-Dividend1 month ago | Simply Wall St
What You Need To Know About Bridge Bancorp, Inc.'s (NASDAQ:BDGE) Investor CompositionValuation
Is Bridge Bancorp undervalued compared to its fair value and its price relative to the market?
43.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDGE ($20.4) is trading below our estimate of fair value ($35.8)
Significantly Below Fair Value: BDGE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BDGE is good value based on its PE Ratio (8.5x) compared to the US Banks industry average (10x).
PE vs Market: BDGE is good value based on its PE Ratio (8.5x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: BDGE's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BDGE's PB Ratio (0.8x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is Bridge Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-4.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDGE's earnings are forecast to decline over the next 3 years (-4.5% per year).
Earnings vs Market: BDGE's earnings are forecast to decline over the next 3 years (-4.5% per year).
High Growth Earnings: BDGE's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BDGE's revenue (1.7% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: BDGE's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BDGE's Return on Equity is forecast to be low in 3 years time (8.8%).
Next Steps
Past Performance
How has Bridge Bancorp performed over the past 5 years?
16.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDGE has high quality earnings.
Growing Profit Margin: BDGE's current net profit margins (29.4%) are higher than last year (28%).
Past Earnings Growth Analysis
Earnings Trend: BDGE's earnings have grown by 16.6% per year over the past 5 years.
Accelerating Growth: BDGE's earnings growth over the past year (9.3%) is below its 5-year average (16.6% per year).
Earnings vs Industry: BDGE earnings growth over the past year (9.3%) exceeded the Banks industry -2.9%.
Return on Equity
High ROE: BDGE's Return on Equity (9.6%) is considered low.
Next Steps
Financial Health
How is Bridge Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BDGE's Assets to Equity ratio (12.2x) is moderate.
Allowance for Bad Loans: BDGE has a sufficient allowance for bad loans (561%).
Low Risk Liabilities: 90% of BDGE's liabilities are made up of primarily low risk sources of funding.
Loan Level: BDGE has an appropriate level of Loans to Assets ratio (74%).
Low Risk Deposits: BDGE's Loans to Deposits ratio (90%) is appropriate.
Level of Bad Loans: BDGE has an appropriate level of bad loans (0.2%).
Next Steps
Dividend
What is Bridge Bancorp current dividend yield, its reliability and sustainability?
4.71%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDGE's dividend (4.71%) is higher than the bottom 25% of dividend payers in the US market (1.59%).
High Dividend: BDGE's dividend (4.71%) is in the top 25% of dividend payers in the US market (4.31%)
Stability and Growth of Payments
Stable Dividend: BDGE's dividends per share have been stable in the past 10 years.
Growing Dividend: BDGE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (39.4%), BDGE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BDGE's dividends in 3 years are forecast to be well covered by earnings (41.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.4yrs
Average management tenure
CEO
Kevin O'Connor (57 yo)
12.58yrs
Tenure
US$2,374,685
Compensation
Mr. Kevin M. O’Connor serves as President and CEO at Bridge Bancorp, Inc. since January 1, 2008 and joined the Bridge Bancorp Inc. in October 2007. He serves as President and CEO of BNB Bank. He serves as ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD2.37M) is about average for companies of similar size in the US market ($USD2.02M).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.58yrs | US$2.37m | 0.78% $ 3.2m | |
| Executive VP | 4yrs | US$914.18k | 0.11% $ 464.6k | |
| Senior EVP | 4.17yrs | US$1.20m | 0.28% $ 1.2m | |
| Executive VP & Chief Retail Banking Officer | 12.42yrs | US$850.07k | 0.18% $ 733.0k | |
| Executive VP & Chief Lending Officer | 16.58yrs | US$1.02m | 0.14% $ 580.9k |
12.4yrs
Average Tenure
56yo
Average Age
Experienced Management: BDGE's management team is seasoned and experienced (12.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.58yrs | US$2.37m | 0.78% $ 3.2m | |
| Independent Director | 6.75yrs | US$112.20k | 0.15% $ 619.1k | |
| Independent Director | 12.33yrs | US$106.40k | 0.83% $ 3.4m | |
| Independent Director | 31.58yrs | US$100.20k | 0.15% $ 611.0k | |
| Independent Chairperson of the Board | 12.33yrs | US$142.40k | 0.61% $ 2.5m | |
| Independent Director | 18.58yrs | US$116.20k | 0.18% $ 736.1k | |
| Independent Vice Chairperson of the Board | 12.33yrs | US$101.20k | 0.43% $ 1.7m | |
| Independent Director | 12.58yrs | US$116.20k | 0.27% $ 1.1m | |
| Independent Director | 5.17yrs | US$103.20k | 0.46% $ 1.9m | |
| Independent Director | 2.25yrs | US$89.20k | 1.54% $ 6.3m | |
| Independent Director | 11.17yrs | US$120.20k | 0.18% $ 723.7k | |
| Independent Director | 5.17yrs | US$98.20k | 0.58% $ 2.4m |
12.3yrs
Average Tenure
74yo
Average Age
Experienced Board: BDGE's board of directors are seasoned and experienced ( 12.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: BDGE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Bridge Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Bridge Bancorp, Inc.
- Ticker: BDGE
- Exchange: NasdaqGS
- Founded: 1910
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$407.001m
- Shares outstanding: 19.47m
- Website: https://www.bnbbank.com
Number of Employees
Location
- Bridge Bancorp, Inc.
- 2200 Montauk Highway
- Bridgehampton
- New York
- 11932
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BDGE | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1991 |
Biography
Bridge Bancorp, Inc. operates as the bank holding company for the BNB Bank that provide commercial and consumer banking products and services to small businesses, and municipal and consumer relationships. ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/14 11:30 |
| End of Day Share Price | 2020/08/13 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.