Bridge Bancorp
Market Cap
US$408.2m
Last Updated
2020/03/31 00:34 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
Snowflake Analysis
Flawless balance sheet, undervalued and pays a dividend.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
1.6%
BDGE
6.0%
US Banks
7.2%
US Market
1 Year Return
-30.6%
BDGE
-26.4%
US Banks
-10.4%
US Market
Return vs Industry: BDGE underperformed the US Banks industry which returned -26.9% over the past year.
Return vs Market: BDGE underperformed the US Market which returned -12.7% over the past year.
Shareholder returns
| BDGE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.6% | 6.0% | 7.2% |
| 30 Day | -24.1% | -24.0% | -12.6% |
| 90 Day | -37.7% | -38.0% | -19.4% |
| 1 Year | -28.5%-30.6% | -24.1%-26.4% | -8.5%-10.4% |
| 3 Year | -34.1%-39.6% | -15.8%-21.9% | 15.8%8.3% |
| 5 Year | -7.1%-20.1% | 13.2%0.2% | 35.8%21.0% |
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
5 days ago | Simply Wall St
How Much Are Bridge Bancorp, Inc. (NASDAQ:BDGE) Insiders Spending On Buying Shares?2 weeks ago | Simply Wall St
What Is Bridge Bancorp's (NASDAQ:BDGE) P/E Ratio After Its Share Price Tanked?2 weeks ago | Simply Wall St
Do Insiders Own Shares In Bridge Bancorp, Inc. (NASDAQ:BDGE)?Valuation
Is Bridge Bancorp undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BDGE ($20.08) is trading below our estimate of fair value ($42.34)
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 (7.8x) compared to the Banks industry average (8.8x).
PE vs Market: BDGE is good value based on its PE Ratio (7.8x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: BDGE is poor value based on its PEG Ratio (4.1x)
Price to Book Ratio
PB vs Industry: BDGE is good value based on its PB Ratio (0.8x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is Bridge Bancorp forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
1.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDGE's forecast earnings growth (1.9% per year) is above the savings rate (1.7%).
Earnings vs Market: BDGE's earnings (1.9% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: BDGE's earnings are forecast to grow, but not significantly.
Revenue vs Market: BDGE's revenue (6.1% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: BDGE's revenue (6.1% 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 (10.5%).
Next Steps
Past Performance
How has Bridge Bancorp performed over the past 5 years?
18.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BDGE has high quality earnings.
Growing Profit Margin: BDGE's current net profit margins (31.3%) are higher than last year (26.2%).
Past Earnings Growth Analysis
Earnings Trend: BDGE's earnings have grown by 18% per year over the past 5 years.
Accelerating Growth: BDGE's earnings growth over the past year (31.8%) exceeds its 5-year average (18% per year).
Earnings vs Industry: BDGE earnings growth over the past year (31.8%) exceeded the Banks industry 11%.
Return on Equity
High ROE: BDGE's Return on Equity (10.4%) 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
Inventory Level: BDGE has a low level of unsold assets or inventory.
Debt Coverage by Assets: BDGE's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: BDGE's level of assets compared to its equity is low.
Allowance for Bad Loans: BDGE has a sufficient allowance for bad loans.
Low Risk Liabilities: BDGE's liabilities are made up of primarily low risk sources of funding.
Loan Level: BDGE has an acceptable proportion of non-loan assets held.
Low Risk Deposits: BDGE's loans are broadly funded by customer deposits.
Level of Bad Loans: BDGE has an appropriate level of bad loans (0.12%)
Next Steps
Dividend
What is Bridge Bancorp's current dividend yield, its reliability and sustainability?
4.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BDGE's dividend (4.78%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: BDGE's dividend (4.78%) is low compared to the top 25% of dividend payers in the US market (5.49%).
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 (35.9%), 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 (37.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
12.0yrs
Average management tenure
CEO
Kevin O'Connor (56yo)
12.17s
Tenure
US$1,460,095
Compensation
Mr. Kevin M. O’Connor joined the Bridge Bancorp Inc. in October 2007 as President and Chief Executive Officer Designee and Director. On January 1, 2008, he became President and CEO. He serves as Director o ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD2.17M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.17yrs | US$1.46m | 0.78% $3.2m | |
| Executive VP | 3.58yrs | US$689.93k | 0.12% $486.8k | |
| Senior EVP | 3.67yrs | US$751.60k | 0.29% $1.2m | |
| Executive VP & Chief Retail Banking Officer | 12yrs | US$599.79k | 0.20% $797.9k | |
| Executive VP & Chief Lending Officer | 16.17yrs | US$626.78k | 0.15% $627.3k |
12.0yrs
Average Tenure
55yo
Average Age
Experienced Management: BDGE's management team is seasoned and experienced (12 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.17yrs | US$1.46m | 0.78% $3.2m | |
| Independent Director | 6.25yrs | US$107.60k | 0.11% $468.8k | |
| Independent Director | 11.83yrs | US$102.80k | 0.81% $3.3m | |
| Independent Director | 31.17yrs | US$96.60k | 0.14% $577.5k | |
| Chairperson of the Board | 11.83yrs | US$136.80k | 0.58% $2.4m | |
| Independent Director | 18.17yrs | US$110.60k | 0.15% $625.6k | |
| Vice Chairperson of the Board | 11.83yrs | US$104.80k | 0.41% $1.7m | |
| Independent Director | 12.17yrs | US$116.60k | 0.25% $1.0m | |
| Independent Director | 4.67yrs | US$97.60k | 0.44% $1.8m | |
| Independent Director | 10.67yrs | US$118.60k | 0.16% $633.7k |
11.8yrs
Average Tenure
73.5yo
Average Age
Experienced Board: BDGE's board of directors are seasoned and experienced ( 11.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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$408.183m
- Shares outstanding: 19.55m
- 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. It accepts time, savings, and demand deposits. The company offers commercial real estate, multi-family mortgage, residential mortgage, secured and unsecured commercial and consumer, home equity, and construction and land loans; and mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities. In addition, it offers certificate of deposit account registry service and insured cash sweep programs; merchant credit and debit card processing, cash management, lockbox processing, online banking, and remote deposit capture services; automated teller machines, safe deposit boxes, and individual retirement accounts; and investment products and services through a third party broker dealer, as well as title insurance brokerage services. As of February 19, 2019, the company operated 39 retail branch locations serving Long Island and the greater New York metropolitan area; and 1 loan production office in Manhattan. Bridge Bancorp, Inc. was founded in 1910 and is based in Bridgehampton, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/31 00:34 |
| End of Day Share Price | 2020/03/30 00:00 |
| Earnings | 2019/12/31 |
| 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.