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Bridge Bancorp

Nasdaq:BDGE
Snowflake Description

Flawless balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BDGE
Nasdaq
$557M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

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. The last earnings update was 71 days ago. More info.


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BDGE Share Price and Events
7 Day Returns
-2.9%
NasdaqGS:BDGE
-0.4%
US Banks
-0.3%
US Market
1 Year Returns
-21.8%
NasdaqGS:BDGE
-5.7%
US Banks
3.9%
US Market
BDGE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bridge Bancorp (BDGE) -2.9% 0.5% -8.4% -21.8% -4.8% 23.8%
US Banks -0.4% 2.3% -0.3% -5.7% 46.2% 45.8%
US Market -0.3% 2.3% 2.3% 3.9% 36.7% 41.8%
1 Year Return vs Industry and Market
  • BDGE underperformed the Banks industry which returned -5.7% over the past year.
  • BDGE underperformed the Market in United States of America which returned 3.9% over the past year.
Price Volatility
BDGE
Industry
5yr Volatility vs Market

Value

 Is Bridge Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bridge Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bridge Bancorp.

NasdaqGS:BDGE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $25.48 * 7.9%
$2.02
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $25.48
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BDGE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.596 (1 + (1- 21%) (80.96%))
0.985
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.985 * 5.96%)
8.6%

Discounted Cash Flow Calculation for NasdaqGS:BDGE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Bridge Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:BDGE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.9% – 8.6%) * $25.48)
$-0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.17 / (8.6% - 2.73%)
$-2.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $25.48 + $-2.95
$22.52
NasdaqGS:BDGE Discount to Share Price
Calculation Result
Value per share (USD) From above. $22.52
Current discount Discount to share price of $28.51
= -1 x ($28.51 - $22.52) / $22.52
-26.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Bridge Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bridge Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bridge Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BDGE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.01
NasdaqGS:BDGE Share Price ** NasdaqGS (2019-07-19) in USD $28.51
United States of America Banks Industry PE Ratio Median Figure of 594 Publicly-Listed Banks Companies 12.76x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.92x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bridge Bancorp.

NasdaqGS:BDGE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BDGE Share Price ÷ EPS (both in USD)

= 28.51 ÷ 2.01

14.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridge Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Bridge Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Bridge Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:BDGE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 14.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
16.3%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.2x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:BDGE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 14.15x ÷ 16.3%

0.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridge Bancorp is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Bridge Bancorp's assets?
Raw Data
NasdaqGS:BDGE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $23.81
NasdaqGS:BDGE Share Price * NasdaqGS (2019-07-19) in USD $28.51
United States of America Banks Industry PB Ratio Median Figure of 594 Publicly-Listed Banks Companies 1.2x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.8x
NasdaqGS:BDGE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BDGE Share Price ÷ Book Value per Share (both in USD)

= 28.51 ÷ 23.81

1.2x

* Primary Listing of Bridge Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bridge Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Bridge Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Bridge Bancorp has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Bridge Bancorp expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bridge Bancorp expected to grow at an attractive rate?
  • Bridge Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Bridge Bancorp's earnings growth is expected to exceed the United States of America market average.
  • Bridge Bancorp's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BDGE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BDGE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 16.3%
NasdaqGS:BDGE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BDGE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BDGE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 181 56 2
2019-12-31 166 53 3
NasdaqGS:BDGE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 148 55 39
2018-12-31 147 58 38
2018-09-30 135 51 18
2018-06-30 132 52 21
2018-03-31 135 52 23
2017-12-31 131 47 20
2017-09-30 136 52 36
2017-06-30 133 51 35
2017-03-31 133 44 35
2016-12-31 131 44 35
2016-09-30 129 44 34
2016-06-30 128 47 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bridge Bancorp's earnings are expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).
  • Bridge Bancorp's revenue is expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BDGE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bridge Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BDGE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.83 2.88 2.75 3.00
2019-12-31 2.69 2.71 2.68 3.00
NasdaqGS:BDGE Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.01
2018-12-31 1.97
2018-09-30 0.93
2018-06-30 1.08
2018-03-31 1.18
2017-12-31 1.04
2017-09-30 1.89
2017-06-30 1.92
2017-03-31 1.98
2016-12-31 2.01
2016-09-30 1.96
2016-06-30 1.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Bridge Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Bridge Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bridge Bancorp has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Bridge Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bridge Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bridge Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Bridge Bancorp's 1-year earnings growth exceeds its 5-year average (70.8% vs 17.9%)
  • Bridge Bancorp's earnings growth has exceeded the US Banks industry average in the past year (70.8% vs 39.4%).
Earnings and Revenue History
Bridge Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bridge Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BDGE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 147.64 39.20 79.28
2018-12-31 146.55 38.37 78.77
2018-09-30 135.40 18.04 77.14
2018-06-30 131.88 20.88 76.46
2018-03-31 135.28 22.95 76.15
2017-12-31 131.21 20.12 74.21
2017-09-30 136.07 35.87 71.36
2017-06-30 133.37 35.28 68.72
2017-03-31 132.97 35.30 67.92
2016-12-31 131.37 34.76 66.95
2016-09-30 129.17 33.63 65.05
2016-06-30 127.96 32.69 64.06
2016-03-31 116.26 24.47 58.67
2015-12-31 104.78 20.66 53.97
2015-09-30 94.21 16.89 50.07
2015-06-30 82.12 13.92 45.05
2015-03-31 78.48 17.68 43.16
2014-12-31 73.42 13.44 40.87
2014-09-30 69.10 12.91 38.46
2014-06-30 64.29 11.19 36.19
2014-03-31 59.86 10.14 34.24
2013-12-31 57.70 12.76 32.70
2013-09-30 55.81 12.56 31.75
2013-06-30 54.66 12.79 30.82
2013-03-31 53.59 12.62 30.16
2012-12-31 52.63 12.44 29.50
2012-09-30 51.18 11.99 30.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bridge Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Bridge Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Bridge Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Bridge Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bridge Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Bridge Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Bridge Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bridge Bancorp Company Filings, last reported 3 months ago.

NasdaqGS:BDGE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 465.00 410.55 103.22
2018-12-31 453.83 319.76 286.91
2018-09-30 439.99 345.22 131.61
2018-06-30 439.76 381.04 112.22
2018-03-31 433.32 599.77 104.76
2017-12-31 429.20 631.30 97.88
2017-09-30 441.94 607.15 88.70
2017-06-30 435.71 694.75 86.84
2017-03-31 429.46 621.44 73.12
2016-12-31 407.99 692.26 115.83
2016-09-30 362.60 516.99 64.84
2016-06-30 358.08 497.18 79.60
2016-03-31 350.94 582.48 67.21
2015-12-31 341.13 563.95 104.57
2015-09-30 340.44 235.21 105.88
2015-06-30 333.91 289.08 76.20
2015-03-31 180.15 255.58 48.78
2014-12-31 175.12 266.44 51.76
2014-09-30 174.98 220.08 47.77
2014-06-30 172.87 244.22 63.20
2014-03-31 166.86 246.10 44.17
2013-12-31 159.46 189.54 45.57
2013-09-30 119.01 108.76 36.97
2013-06-30 117.59 137.91 40.82
2013-03-31 121.41 72.97 25.41
2012-12-31 118.67 88.07 51.25
2012-09-30 116.32 106.10 27.86
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Bridge Bancorp has an acceptable proportion of non-loan assets held.
  • Bridge Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Bridge Bancorp are broadly funded by customer deposits.
  • Bridge Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Bridge Bancorp has a sufficient allowance for bad loans.
  • Bridge Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Bridge Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bridge Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.23%
Current annual income from Bridge Bancorp dividends. Estimated to be 3.31% next year.
If you bought $2,000 of Bridge Bancorp shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bridge Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Bridge Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BDGE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BDGE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.96 4.00
2019-12-31 0.93 4.00
NasdaqGS:BDGE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-08 0.920 3.171
2019-04-05 0.920 3.113
2019-01-07 0.920 3.027
2018-10-05 0.920 3.212
2018-07-09 0.920 2.621
2018-04-06 0.920 2.589
2018-01-08 0.920 2.683
2017-10-06 0.920 2.632
2017-07-07 0.920 2.864
2017-04-07 0.920 2.691
2017-01-06 0.920 2.584
2016-10-07 0.920 2.882
2016-07-08 0.920 3.126
2016-04-06 0.920 3.117
2016-01-08 0.920 3.216
2015-10-06 0.920 3.067
2015-07-08 0.920 3.430
2015-04-06 0.920 3.593
2015-01-07 0.920 3.596
2014-10-03 0.920 3.596
2014-07-03 0.920 3.801
2014-04-04 0.920 3.775
2014-01-06 0.920 3.567
2013-10-04 0.920 3.872
2013-07-03 0.920 4.154
2013-04-04 0.920 4.321
2012-10-23 0.920 4.477
2012-10-03 0.920 4.171
2012-07-05 0.920 4.316
2012-04-05 0.920 4.516
2012-01-04 0.920 4.445
2011-10-04 0.920 4.763
2011-07-05 0.920 4.663
2011-03-29 0.920 4.274
2010-12-16 0.920 4.011
2010-09-29 0.920 3.739
2010-06-30 0.920 3.803
2010-03-30 0.920 4.077
2009-12-17 0.920 3.908
2009-09-30 0.920 4.072
2009-06-23 0.920 3.413
2009-03-31 0.920 4.030
2008-12-17 0.920 4.806
2008-09-24 0.920 4.623

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of Bridge Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Bridge Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bridge Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bridge Bancorp has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Bridge Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin O'Connor
COMPENSATION $1,460,095
AGE 56
TENURE AS CEO 11.5 years
CEO Bio

Mr. Kevin M. O'Connor is President and Chief Executive Officer of Bridge Bancorp and its wholly owned subsidiary, BNB Bank. Since assuming the role in January 2008, the company, with current assets of $4.4 billion, has experienced steady and continued growth. With over 25 years tenure in the financial services industry, O’Connor has been at the forefront of identifying and executing strategic alternatives; focusing on both organic growth, opportunistic acquisitions while maintaining the legacy and culture of BNB. Under his leadership BNB continues to deliver consistently strong financial returns while expanding its reputation as a community bank supporting the communities it serves. Along with the BNB team of banking professionals, he places a high priority on developing and fostering long term relationships with local entrepreneurs and business professionals, He understands local markets and believes be providing a customer focused, personal approach at all levels BNB help promote economic growth and job creation. O’Connor earned an Associate’s Degree in accounting from Suffolk County Community College and a Bachelor’s degree in accounting from Adelphi University. He is a member of the American Institute of Certified Public Accountants and the NYS Society of Certified Public Accountants. He sits on the board of the New York State Bankers Association. Committed to community involvement, O’Connor is a past president and Advisory board member of Suffolk County Council of the Boy Scouts of America as well as a Board Member of the Hamptons Collegiate Baseball League. He was recently appointed to the American Red Cross on Long Island Board of Directors. He is a former chair of the executive committee of the American Heart Association Heart of the Hamptons Gala. Mr. O’Connor was recently named one of Long Island's top CEO's by Long Island Business News reflecting the dramatic growth and strong performance of BNB Bank over the course of his tenure. He has also been honored for his proactive role in helping the non-profit community by McGann Mercy High School, Eastern Long Island Hospital, Suffolk Community College and Boy Scouts Suffolk County Chapter, among others. He has three sons and resides in Great River. Bridge Bancorp, Inc., a New York corporation (NASDAQ:BDGE), is a one bank holding company engaged in commercial banking and financial services through its wholly owned subsidiary, BNB Bank. Established in 1910 by farmers and merchants, the Bank has been committed to the tenants of community banking for over 100 years. Throughout its history, BNB Bank has established a reputation for personal service, access to decision makers and engaged involvement in the community. The bank operates 40 branches across Long Island including one in Manhattan and one in Queens, as well as lending offices in NYC and Riverhead, New York.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Bridge Bancorp management team in years:

11.4
Average Tenure
56
Average Age
  • The average tenure for the Bridge Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kevin O'Connor

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
11.5 yrs

John McCaffery

TITLE
Executive VP
COMPENSATION
$690K
AGE
55
TENURE
2.9 yrs

Howard Nolan

TITLE
Senior EVP
COMPENSATION
$752K
AGE
58
TENURE
3.1 yrs

Jim Manseau

TITLE
Executive VP & Chief Retail Banking Officer
COMPENSATION
$600K
AGE
55
TENURE
11.3 yrs

Kevin Santacroce

TITLE
Executive VP & Chief Lending Officer
COMPENSATION
$627K
AGE
50
TENURE
15.5 yrs

Thomas Simson

TITLE
Senior VP & Chief Information Officer
COMPENSATION
$274K
AGE
64
TENURE
22.5 yrs

Deborah McGrory

TITLE
Senior VP & Director of Human Resources

Peggy Bradshaw

TITLE
Chief Banking Officer & Executive VP of Bridge Bank
AGE
68
Board of Directors Tenure

Average tenure and age of the Bridge Bancorp board of directors in years:

11.3
Average Tenure
73.5
Average Age
  • The average tenure for the Bridge Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Marcia Hefter

TITLE
Chairperson of the Board
COMPENSATION
$137K
AGE
75
TENURE
11.3 yrs

Kevin O'Connor

TITLE
President
COMPENSATION
$1M
AGE
56
TENURE
11.8 yrs

Dennis Suskind

TITLE
Vice Chairperson of the Board
COMPENSATION
$105K
AGE
76
TENURE
11.3 yrs

Manny Arturi

TITLE
Director
COMPENSATION
$117K
AGE
73
TENURE
11.5 yrs

Rudolph Santoro

TITLE
Director
COMPENSATION
$119K
AGE
74
TENURE
10.1 yrs

Albert McCoy

TITLE
Director
COMPENSATION
$103K
AGE
55
TENURE
11.3 yrs

Tom Tobin

TITLE
Director
COMPENSATION
$97K
AGE
74
TENURE
30.5 yrs

Charles Massoud

TITLE
Director
COMPENSATION
$111K
AGE
74
TENURE
17.5 yrs

Randy Nielsen

TITLE
Director
COMPENSATION
$108K
AGE
68
TENURE
5.7 yrs

Daniel Rubin

TITLE
Director
COMPENSATION
$98K
AGE
70
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Bridge Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jun 19 Buy Nathan Lindenbaum Individual 31. May 19 31. May 19 3,126 $27.75 $86,747
22. Mar 19 Sell Basswood Capital Management, L.L.C. Company 21. Mar 19 21. Mar 19 -1,555 $28.82 $-44,815
22. Mar 19 Sell Basswood Capital Management, L.L.C. Company 21. Mar 19 22. Mar 19 -161,708 $29.71 $-4,495,163
20. Mar 19 Sell Basswood Capital Management, L.L.C. Company 18. Mar 19 20. Mar 19 -34,737 $31.41 $-1,068,967
01. Feb 19 Sell Daniel Rubin Individual 28. Aug 18 15. Oct 18 -3,098 $35.05 $-102,445
19. Oct 18 Buy Basswood Capital Management, L.L.C. Company 17. Oct 18 17. Oct 18 4,705 $31.68 $149,054
17. Oct 18 Buy Basswood Capital Management, L.L.C. Company 15. Oct 18 16. Oct 18 13,784 $31.31 $429,955
17. Oct 18 Buy Albert McCoy Individual 15. Oct 18 15. Oct 18 2,500 $30.83 $77,072
15. Oct 18 Buy Basswood Capital Management, L.L.C. Company 11. Oct 18 11. Oct 18 579 $31.89 $18,464
09. Oct 18 Buy Basswood Capital Management, L.L.C. Company 05. Oct 18 05. Oct 18 4,457 $32.29 $143,917
09. Oct 18 Buy John McCaffery Individual 05. Oct 18 05. Oct 18 2,000 $32.29 $64,580
04. Oct 18 Buy Basswood Capital Management, L.L.C. Company 02. Oct 18 04. Oct 18 24,307 $32.74 $788,516
14. Sep 18 Buy Basswood Capital Management, L.L.C. Company 12. Sep 18 13. Sep 18 41,303 $35.36 $1,459,987
13. Sep 18 Sell Emanuel Arturi Individual 12. Sep 18 12. Sep 18 -3,482 $35.60 $-123,114
12. Sep 18 Buy Basswood Capital Management, L.L.C. Company 10. Sep 18 11. Sep 18 49,891 $35.78 $1,783,358
06. Sep 18 Buy Matthew Lindenbaum Individual 04. Sep 18 05. Sep 18 37,201 $35.33 $1,310,717
10. Sep 18 Buy Basswood Capital Management, L.L.C. Company 06. Sep 18 07. Sep 18 25,109 $35.52 $890,797
07. Sep 18 Sell Kevin Santacroce Individual 06. Sep 18 06. Sep 18 -3,000 $35.40 $-106,200
06. Sep 18 Buy Basswood Capital Management, L.L.C. Company 04. Sep 18 05. Sep 18 1,320 $35.33 $46,508
06. Sep 18 Sell Emanuel Arturi Individual 05. Sep 18 05. Sep 18 -5,000 $35.35 $-176,446
05. Sep 18 Sell Emanuel Arturi Individual 04. Sep 18 04. Sep 18 -3,500 $35.05 $-122,538
04. Sep 18 Sell Emanuel Arturi Individual 31. Aug 18 31. Aug 18 -1,100 $35.05 $-38,523
31. Aug 18 Sell Emanuel Arturi Individual 30. Aug 18 30. Aug 18 -100 $35.00 $-3,500
30. Aug 18 Buy John McCaffery Individual 29. Aug 18 29. Aug 18 1,000 $34.45 $34,451
30. Aug 18 Sell Emanuel Arturi Individual 29. Aug 18 29. Aug 18 -300 $35.10 $-10,530
23. Aug 18 Sell Emanuel Arturi Individual 22. Aug 18 22. Aug 18 -5,000 $35.90 $-178,648
17. Aug 18 Sell Emanuel Arturi Individual 16. Aug 18 16. Aug 18 -986 $35.15 $-34,588
16. Aug 18 Buy Kevin O'Connor Individual 15. Aug 18 15. Aug 18 1,500 $35.05 $52,575
16. Aug 18 Sell Emanuel Arturi Individual 15. Aug 18 15. Aug 18 -14 $35.35 $-495
16. Aug 18 Sell Emanuel Arturi Individual 15. Aug 18 15. Aug 18 -4,000 $35.25 $-140,183
14. Aug 18 Buy Basswood Capital Management, L.L.C. Company 10. Aug 18 13. Aug 18 20,095 $35.14 $704,142
14. Aug 18 Sell Kevin Santacroce Individual 13. Aug 18 14. Aug 18 -4,000 $35.00 $-140,003
13. Aug 18 Sell Emanuel Arturi Individual 10. Aug 18 10. Aug 18 -3,388 $35.20 $-118,642
10. Aug 18 Sell Emanuel Arturi Individual 09. Aug 18 09. Aug 18 -1,612 $35.10 $-56,435
03. Aug 18 Sell Emanuel Arturi Individual 01. Aug 18 01. Aug 18 -5,000 $35.77 $-178,838
X
Management checks
We assess Bridge Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bridge Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Much Are Bridge Bancorp, Inc. (NASDAQ:BDGE) Insiders Spending On Buying Shares?

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Bridge Bancorp Bridge Bancorp Insider Transactions Over The Last Year Matthew Lindenbaum made the biggest insider purchase in the last 12 months. … NasdaqGS:BDGE Recent Insider Trading, July 11th 2019 Bridge Bancorp Insiders Bought Stock Recently It's good to see that Bridge Bancorp insiders have made notable investments in the company's shares. … Bridge Bancorp insiders own about US$42m worth of shares.

Simply Wall St -

Could Bridge Bancorp, Inc.'s (NASDAQ:BDGE) Investor Composition Influence The Stock Price?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$558m, Bridge Bancorp is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Bridge Bancorp NasdaqGS:BDGE Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About Bridge Bancorp? … Insider Ownership Of Bridge Bancorp The definition of company insiders can be subjective, and does vary between jurisdictions.

Simply Wall St -

What Kind Of Investor Owns Most Of Bridge Bancorp, Inc. (NASDAQ:BDGE)?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.' With a market capitalization of US$558m, Bridge Bancorp is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Bridge Bancorp NasdaqGS:BDGE Ownership Summary, June 21st 2019 What Does The Institutional Ownership Tell Us About Bridge Bancorp? … We can see that Bridge Bancorp does have institutional investors; and they hold 49% of the stock.

Simply Wall St -

Is Now The Time To Look At Buying Bridge Bancorp, Inc. (NASDAQ:BDGE)?

Let’s take a look at Bridge Bancorp’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … Given that Bridge Bancorp’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … What does the future of Bridge Bancorp look like?

Simply Wall St -

At US$28.55, Is It Time To Put Bridge Bancorp, Inc. (NASDAQ:BDGE) On Your Watch List?

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … Given that Bridge Bancorp’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us another chance to buy in the future. … What does the future of Bridge Bancorp look like?

Simply Wall St -

Is Bridge Bancorp, Inc.'s (NASDAQ:BDGE) CEO Overpaid Relative To Its Peers?

Kevin O'Connor has been the CEO of Bridge Bancorp, Inc. … See our latest analysis for Bridge Bancorp How Does Kevin O'Connor's Compensation Compare With Similar Sized Companies? … The graphic below shows how CEO compensation at Bridge Bancorp has changed from year to year.

Simply Wall St -

Did You Manage To Avoid Bridge Bancorp's (NASDAQ:BDGE) 25% Share Price Drop?

Even though the Bridge Bancorp share price is down over the year, its EPS actually improved. … As it happens, Bridge Bancorp's TSR for the last year was -23%, which exceeds the share price return mentioned earlier. … However, it could simply be that the share price has been impacted by broader market jitters.

Simply Wall St -

What Makes Bridge Bancorp, Inc. (NASDAQ:BDGE) A Great Dividend Stock?

Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. … For the purpose of this article, we only scrutinise the last decade of Bridge Bancorp's dividend payments. … Dividend Growth Potential While dividend payments have been relatively reliable, it would also be nice if earnings per share (EPS) were growing, as this is essential to maintaining the dividend's purchasing power over the long term. Bridge Bancorp has grown its earnings per share at 8.2% per annum over the past five years. It's good to see decent earnings growth and a low payout ratio. Companies with these characteristics often display the fastest dividend growth over the long term - assuming earnings can be maintained, of course. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

Why Bridge Bancorp, Inc.'s (NASDAQ:BDGE) High P/E Ratio Isn't Necessarily A Bad Thing

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Bridge Bancorp, Inc.'s (NASDAQ:BDGE) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Bridge Bancorp, Inc. (NASDAQ:BDGE) Over-Exposed To Risk?

Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Bridge Bancorp’s bottom line. … Today we will analyse Bridge Bancorp’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank. … Check out our latest analysis for Bridge Bancorp

Simply Wall St -

Company Info

Description

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.

Details
Name: Bridge Bancorp, Inc.
BDGE
Exchange: NasdaqGS
Founded: 1910
$557,046,084
19,538,621
Website: http://www.bnbbank.com
Address: Bridge Bancorp, Inc.
2200 Montauk Highway,
Bridgehampton,
New York, 11932,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BDGE Common Stock Nasdaq Global Select US USD 30. Apr 1991
Number of employees
Current staff
Staff numbers
473
Bridge Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/19 23:36
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.