Bridge Bancorp (BDGE) is Downgraded by FIG Partners to Market Perform

Bridge Bancorp (BDGE) was Downgraded by FIG Partners to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. FIG Partners advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on Bridge Bancorp. Bridge Bancorp was Initiated by Keefe Bruyette to “Mkt Perform” on Apr 15, 2016.

Bridge Bancorp closed down -0.16 points or -0.51% at $30.97 with 54,071 shares getting traded on Wednesday. Post opening the session at $30.99, the shares hit an intraday low of $30.88 and an intraday high of $31.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 17, 2016, Dennis A Suskind (director) sold 3,355 shares at $28.84 per share price. According to the SEC, on Feb 2, 2016, Jr. Albert E Mccoy (director) purchased 3,000 shares at $27.62 per share price. On Dec 10, 2015, Raymond A Nielsen (director) purchased 1,006 shares at $30.53 per share price, according to the Form-4 filing with the securities and exchange commission.

Bridge Bancorp Inc. is a bank holding company for The Bridgehampton National Bank (the Bank). The Company through its subsidiaries engages in service commercial and consumer banking business including accepting time savings and demand deposits from the consumers businesses and local municipalities surrounding its branch offices. The Bank operates approximately 40 retail branch locations serving Long Island and the greater New York metropolitan area. The Bank offers merchant credit and debit card processing automated teller machines cash management services online banking services remote deposit capture individual retirement accounts and investment services among others through Bridge Investment Services. The Bank operations include its real estate investment trust subsidiary Bridgehampton Community Inc. (BCI) a financial title insurance subsidiary Bridge Abstract LLC (Bridge Abstract) and an investment services subsidiary Bridge Financial Services LLC.

Bridge Bancorp

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