Bridge Bancorp
Market Cap
US$586.1m
Last Updated
2019/10/22 23:33 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.
Snowflake
Fundamentals
Flawless balance sheet average 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
Market Performance
7 Day Return
1.0%
BDGE
2.9%
US Banks
0.07%
US Market
1 Year Return
1.7%
BDGE
8.6%
US Banks
8.9%
US Market
Return vs Industry: BDGE underperformed the US Banks industry which returned 8.6% over the past year.
Return vs Market: BDGE underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| BDGE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.0% | 2.9% | 0.07% |
| 30 Day | 1.0% | 3.4% | -0.3% |
| 90 Day | 3.4% | 2.1% | -1.6% |
| 1 Year | 4.9%1.7% | 11.8%8.6% | 11.3%8.9% |
| 3 Year | 17.7%8.1% | 54.8%44.1% | 46.3%36.8% |
| 5 Year | 34.8%15.8% | 70.2%51.6% | 62.1%44.3% |
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
1 week ago | Simply Wall St
Is It Smart To Buy Bridge Bancorp, Inc. (NASDAQ:BDGE) Before It Goes Ex-Dividend?2 weeks ago | Simply Wall St
What Kind Of Investor Owns Most Of Bridge Bancorp, Inc. (NASDAQ:BDGE)?1 month ago | Simply Wall St
The Bridge Bancorp (NASDAQ:BDGE) Share Price Has Gained 21% And Shareholders Are Hoping For MoreValuation
Is Bridge Bancorp undervalued compared to its fair value and its price relative to the market?
13.58x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BDGE ($29.99) is trading above our estimate of fair value ($25.15)
Significantly Below Fair Value: BDGE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BDGE is poor value based on its PE Ratio (13.6x) compared to the Banks industry average (12.6x).
PE vs Market: BDGE is good value based on its PE Ratio (13.6x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: BDGE is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: BDGE is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
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Future Growth
How is Bridge Bancorp forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BDGE's forecast earnings growth (10.8% per year) is above the savings rate (2.7%).
Earnings vs Market: BDGE's earnings (10.8% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: BDGE's earnings are forecast to grow, but not significantly.
Revenue vs Market: BDGE's revenue (8.2% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: BDGE's revenue (8.2% 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 (12.6%).
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Past Performance
How has Bridge Bancorp performed over the past 5 years?
17.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: BDGE's earnings have grown by 17.5% per year over the past 5 years.
Accelerating Growth: BDGE's earnings growth over the past year (106.1%) exceeds its 5-year average (17.5% per year).
Earnings vs Industry: BDGE earnings growth over the past year (106.1%) exceeded the Banks industry 29.7%.
Return on Equity
High ROE: BDGE's Return on Equity (9.3%) is considered low.
Return on Assets
ROA vs Industry: BDGE's Return on Assets is below or equal to the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate BDGE's Return on Capital Employed to determine if it has improved over the past 3 years.
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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 0.6x 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 (0.16%)
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Dividend
What is Bridge Bancorp's current dividend yield, its reliability and sustainability?
3.07%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: BDGE's dividend (3.07%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: BDGE's dividend (3.07%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: BDGE's dividends per share have been stable in the past 10 years.
Growing Dividend: BDGE's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.7%), 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 (37.5% payout ratio).
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Management
What is the CEO of Bridge Bancorp's salary, the management and board of directors tenure and is there insider trading?
11.7yrs
Average management tenure
CEO
Kevin O'Connor (56yo)
11.8yrs
Tenure
US$1,460,095
Compensation
Mr. Kevin M. O'Connor has been President & Chief Executive Officer of Bridge Bancorp and its wholly owned subsidiary, BNB Bank since January 2008 and their Director sine September 2007. With years of tenur ...
CEO Compensation Analysis
Compensation vs. Market: Kevin's total compensation ($USD1.46M) is about average for companies of similar size in the US market ($USD1.81M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Management Age and Tenure
11.7yrs
Average Tenure
56yo
Average Age
Experienced Management: BDGE's management team is seasoned and experienced (11.7 years average tenure).
Board Age and Tenure
11.5yrs
Average Tenure
73.5yo
Average Age
Experienced Board: BDGE's board of directors are seasoned and experienced ( 11.5 years average tenure).
Insider Trading
Insider Buying: BDGE insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 6,930 |
| Max Price | US$27.34 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,700 |
| Max Price | US$28.47 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & Chief Lending Officer |
| Shares | 1,500 |
| Max Price | US$29.33 |
| Entity | Individual |
| Shares | 3,126 |
| Max Price | US$27.75 |
| Entity | Company |
| Shares | 1,555 |
| Max Price | US$28.82 |
| Entity | Company |
| Shares | 161,708 |
| Max Price | US$29.71 |
| Entity | Company |
| Shares | 34,737 |
| Max Price | US$31.41 |
Ownership Breakdown
Management Team
Howard Nolan (58yo)
Senior EVP
- Tenure: 0yrs
- Compensation: US$751.60k
Kevin Santacroce (50yo)
Executive VP & Chief Lending Officer
- Tenure: 15.8yrs
- Compensation: US$626.78k
Peggy Bradshaw (68yo)
Chief Banking Officer & Executive VP of Bridge Bank
- Tenure: 0yrs
Kevin O'Connor (56yo)
President
- Tenure: 11.8yrs
- Compensation: US$1.46m
Jim Manseau (55yo)
Executive VP & Chief Retail Banking Officer
- Tenure: 11.6yrs
- Compensation: US$599.79k
Deborah McGrory
Senior VP & Director of Human Resources
- Tenure: 0yrs
Thomas Simson (64yo)
Senior VP & Chief Information Officer
- Tenure: 22.8yrs
- Compensation: US$273.71k
John McCaffery (55yo)
Executive VP
- Tenure: 3.2yrs
- Compensation: US$689.93k
Board Members
Randy Nielsen (68yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$107.60k
Albert McCoy (55yo)
Independent Director
- Tenure: 11.5yrs
- Compensation: US$102.80k
Tom Tobin (74yo)
Independent Director
- Tenure: 30.8yrs
- Compensation: US$96.60k
Marcia Hefter (75yo)
Chairperson of the Board
- Tenure: 11.5yrs
- Compensation: US$136.80k
Charles Massoud (74yo)
Independent Director
- Tenure: 17.8yrs
- Compensation: US$110.60k
Dennis Suskind (76yo)
Vice Chairperson of the Board
- Tenure: 11.5yrs
- Compensation: US$104.80k
Manny Arturi (73yo)
Independent Director
- Tenure: 11.8yrs
- Compensation: US$116.60k
Howard Nolan (58yo)
Senior EVP
- Tenure: 0yrs
- Compensation: US$751.60k
Kevin O'Connor (56yo)
President
- Tenure: 11.8yrs
- Compensation: US$1.46m
Rudolph Santoro (74yo)
Independent Director
- Tenure: 10.3yrs
- Compensation: US$118.60k
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$586.057m
- Shares outstanding: 19.54m
- 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 | 2019/10/22 23:33 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.