Bridge Bancorp Inc (BDGE) Files Form 4 Insider Buying : Charles I Massoud Buys 1,500 Shares

Bridge Bancorp Inc (BDGE): Charles I Massoud , director of Bridge Bancorp Inc purchased 1,500 shares on Jun 24, 2016. The Insider buying transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $28.00 per share for a total value of $42,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Raymond A Nielsen (director) sold 4,688 shares at $29.09 per share price.On Jun 8, 2016, Dennis A Suskind (director) sold 1,000 shares at $30.55 per share price.Also, On Feb 2, 2016, Jr. Albert E Mccoy (director) purchased 3,000 shares at $27.62 per share price.On Dec 4, 2015, Thomas J Tobin (director) sold 3,200 shares at $30.84 per share price.

Shares of Bridge Bancorp (BDGE) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.34 points or -4.55% at $28.09 with 3,26,759 shares getting traded. Post opening the session at $28.43, the shares hit an intraday low of $27.747 and an intraday high of $28.74 and the price vacillated in this range throughout the day. The company has a market cap of $490 M and the number of outstanding shares has been calculated to be 1,74,58,781 shares. The 52-week high of Bridge Bancorp is $32.4 and the 52-week low is $25.52.

Bridge Bancorp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Bridge Bancorp is Downgraded by FIG Partners to Market Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 29, 2016.Bridge Bancorp is Initiated by Keefe Bruyette to Mkt Perform. The Rating was issued on Apr 15, 2016.

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.

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