NasdaqGS:BDGE

Stock Analysis Report

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

BDGEIndustryMarket
7 Day1.0%2.9%0.07%
30 Day1.0%3.4%-0.3%
90 Day3.4%2.1%-1.6%
1 Year4.9%1.7%11.8%8.6%11.3%8.9%
3 Year17.7%8.1%54.8%44.1%46.3%36.8%
5 Year34.8%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

Valuation

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).


Next Steps

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%).


Next Steps

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.


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 0.6x 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%)


Next Steps

Dividend

What is Bridge Bancorp's current dividend yield, its reliability and sustainability?

3.07%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Years3.2%

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).


Next Steps

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

BuyUS$188,77207 Aug 19
Nathan Lindenbaum
EntityIndividual
Shares6,930
Max PriceUS$27.34
SellUS$48,39801 Aug 19
Rudolph Santoro
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,700
Max PriceUS$28.47
SellUS$43,99030 Jul 19
Kevin Santacroce
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Lending Officer
Shares1,500
Max PriceUS$29.33
BuyUS$86,74704 Jun 19
Nathan Lindenbaum
EntityIndividual
Shares3,126
Max PriceUS$27.75
SellUS$44,81522 Mar 19
Basswood Capital Management, L.L.C.
EntityCompany
Shares1,555
Max PriceUS$28.82
SellUS$4,495,16322 Mar 19
Basswood Capital Management, L.L.C.
EntityCompany
Shares161,708
Max PriceUS$29.71
SellUS$1,068,96720 Mar 19
Basswood Capital Management, L.L.C.
EntityCompany
Shares34,737
Max PriceUS$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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BDGENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:33
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.