NasdaqGS:BDGE

Stock Analysis Report

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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 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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.3%

BDGE

0.02%

US Banks

2.5%

US Market


1 Year Return

-33.1%

BDGE

-23.2%

US Banks

15.9%

US Market

Return vs Industry: BDGE underperformed the US Banks industry which returned -23.5% over the past year.

Return vs Market: BDGE underperformed the US Market which returned 14.9% over the past year.


Shareholder returns

BDGEIndustryMarket
7 Day1.3%0.02%2.5%
30 Day-10.1%2.6%5.8%
90 Day-6.6%7.1%18.2%
1 Year-30.3%-33.1%-20.4%-23.2%18.4%15.9%
3 Year-37.2%-43.1%-15.3%-22.1%39.9%30.9%
5 Year-22.0%-33.5%9.0%-4.2%72.9%54.2%

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?

45.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BDGE ($18.25) is trading below our estimate of fair value ($33.37)

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 (7.6x) compared to the US Banks industry average (9.6x).

PE vs Market: BDGE is good value based on its PE Ratio (7.6x) compared to the US market (17.8x).


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 (0.7x) 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 4 analysts?

-4.2%

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 (-4.2% per year).

Earnings vs Market: BDGE's earnings are forecast to decline over the next 3 years (-4.2% per year).

High Growth Earnings: BDGE's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BDGE's revenue (2.6% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: BDGE's revenue (2.6% 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 -2.8%.


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?

5.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BDGE's dividend (5.26%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: BDGE's dividend (5.26%) is in the top 25% of dividend payers in the US market (4.51%)


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 (40.9% 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 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 President ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD2.37M) is about average for companies of similar size in the US market ($USD2.04M).

Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Kevin O'Connor
President12.58yrsUS$2.37m0.78%
$ 2.8m
John McCaffery
Executive VP4yrsUS$914.18k0.11%
$ 402.1k
Howard Nolan
Senior EVP4.17yrsUS$1.20m0.28%
$ 1.0m
James Manseau
Executive VP & Chief Retail Banking Officer12.42yrsUS$850.07k0.18%
$ 634.5k
Kevin Santacroce
Executive VP & Chief Lending Officer16.58yrsUS$1.02m0.14%
$ 502.8k

12.4yrs

Average Tenure

56yo

Average Age

Experienced Management: BDGE's management team is seasoned and experienced (12.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin O'Connor
President12.58yrsUS$2.37m0.78%
$ 2.8m
Raymond Nielsen
Independent Director6.75yrsUS$112.20k0.15%
$ 535.9k
Albert McCoy
Independent Director12.33yrsUS$106.40k0.83%
$ 2.9m
Thomas Tobin
Independent Director31.58yrsUS$100.20k0.15%
$ 528.8k
Marcia Hefter
Independent Chairperson of the Board12.33yrsUS$142.40k0.61%
$ 2.2m
Charles Massoud
Independent Director18.58yrsUS$116.20k0.18%
$ 619.0k
Dennis Suskind
Independent Vice Chairperson of the Board12.33yrsUS$101.20k0.43%
$ 1.5m
Emanuel Arturi
Independent Director12.58yrsUS$116.20k0.27%
$ 946.6k
Daniel Rubin
Independent Director5.17yrsUS$103.20k0.46%
$ 1.6m
Matthew Lindenbaum
Independent Director2.25yrsUS$89.20k1.55%
$ 5.4m
Rudolph Santoro
Independent Director11.17yrsUS$120.20k0.18%
$ 626.4k
Christian Yegen
Independent Director5.17yrsUS$98.20k0.58%
$ 2.0m

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$351.931m
  • Shares outstanding: 19.45m
  • 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 Analysis2020/08/03 23:35
End of Day Share Price2020/08/03 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.