The dividend payout ratio of Bridge Bancorp is 37.07%. Prospects to Accelerate Shareholder Value Creation: Pro forma calculations with respect to the combined company indicate GAAP EPS accretion of 7% to Bridge and 40% to Dime. Combination of two iconic community banks to create a New York-based champion that will be a significant source of strength, Highly complementary branch network with leading deposit market share, coverage of the entire Long Island market and significant branding power, Larger capital base and experienced leadership team with M&A integration expertise provide significant advantages to weather adverse economic conditions, Accelerates shareholder value creation via identified cost savings and enhanced pre-provision earnings power. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Bridge Bancorp's upcoming dividend is US$0.24 a share, following on from the last 12 months, when the company distributed a total of … You will also be able to obtain these documents, when they are filed, free of charge, by directing a request to Bridge Bancorp, Inc., 2200 Montauk Highway, P.O. Following the closing of the transaction, Dime shareholders will receive 0.6480 shares of Bridge common stock for each share of Dime common stock they own. Top Psychedelic stock to watch amid the shroom boom. The merger combines two complementary banking platforms to create a premier community-based business bank. The bank regulatory agencies and various governmental authorities are urging financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations because of the effects of the COVID-19 pandemic. 20 minute minimum delay. Psychedelic Therapy Clinics are popping up all over LA and Arizona. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 About Bridge Bancorp, Inc. Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. Bridge Bancorp, Inc. sales growth this year is anticipated to be 12.3% and 0.1% for next year. Bridge Bancorp's mailing address is 2200 MONTAUK HIGHWAY, BRIDGEHAMPTON NY, 11932. There is no certainty that such measures will be sufficient to mitigate the risks posed by COVID-19 or otherwise be satisfactory to government authorities. Risks Relating to the Coronavirus (COVID-19) Outbreak. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.81%. $200K — $250K. Piper Sandler Companies is acting as financial advisor, and has rendered a fairness opinion to the board of directors of Bridge. Even after the COVID-19 outbreak has subsided, Dime and Bridge may continue to experience materially adverse impacts to their businesses as a result of its economic impact, including any recession that has occurred or may occur in the future. The information on Bridge’s and Dime’s websites is not, and shall not be deemed to be, a part of this release or incorporated into other filings either company makes with the SEC. … Cautionary Note Regarding Forward-Looking Statements. Dime Community Bancshares, Inc. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a community-oriented financial institution. Additional factors, that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Bridge’s and Dime’s reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the Securities and Exchange Commission (the “SEC”) and available on the SEC’s Internet site (http://www.sec.gov). Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Based on earnings estimates, Bridge Bancorp will have a dividend payout ratio of 36.92% next year. (Add your “underperform” vote.). Announce Final Regulatory Approval of Merger of Equals. $32.79. One share of BDGE stock can currently be purchased for approximately $34.21. Bridge and Dime are participating lenders in the Paycheck Protection Program (“PPP”), a loan program administered through the Small Business Administration (“SBA”), which was created to help eligible businesses, organizations and self-employed persons fund their operational costs during the COVID-19 pandemic. Stockholders of record on Friday, February 5th will be paid a dividend of $0.24 per share on Friday, February 12th. The combined company will be led by a well-respected management team that is comprised of individuals with significant financial services and M&A integration experience. View Bridge Bancorp's dividend history. Free copies of the Joint Proxy Statement/Prospectus, as well as other filings containing information about Bridge and Dime, may be obtained at the SEC’s website, www.sec.gov, when they are filed. The combined company will trade under the Dime ticker symbol “DCOM” on The Nasdaq Stock Market. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Bridge Bancorp employs 496 workers across the globe. Bridge Bancorp announced a quarterly dividend on Friday, January 8th. 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bridge Bancorp in the last twelve months. MarketBeat thinks these five companies may be even better buys.View MarketBeat's top stock picks here. Bridge Bancorp, Inc. relating to its combination with Dime Community Bancshares, Inc. In the past three months, Bridge Bancorp insiders have not sold or bought any company stock. DCOM. All rights reserved. 12 employees have rated Bridge Bancorp CEO Kevin M. OConnor on Glassdoor.com. Bridge Bancorp trades on the NASDAQ under the ticker symbol "BDGE.". Each outstanding share of Dime’s 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A will be converted into the right to receive one share of a newly created series of preferred stock of Bridge with the same preferences and rights. 5909Email: areddy@dime.com, Kenneth J. Mahon, the current Chief Executive Officer of Dime, will serve as Executive Chairman of the combined company, Marcia Hefter, the current Chairwoman of Bridge’s board of directors, will serve as the independent Lead Director of the combined company, Kevin O’Connor, the current President and Chief Executive Officer of Bridge, will serve as Chief Executive Officer, Stuart “Stu” H. Lubow, the current President of Dime, will serve as President and Chief Operating Officer, John McCaffery, the current Chief Financial Officer of Bridge, will serve as Senior Executive Vice President and Chief Risk Officer, Avinash “Avi” Reddy, the current Senior Executive Vice President and Chief Financial Officer of Dime, will serve as Senior Executive Vice President and Chief Financial Officer. In addition, both companies have strong balance sheets and demonstrated histories of low loan losses through prior cycles, which give me confidence that we will be well-positioned to succeed in any environment. Established in … Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Luse Gorman, PC is serving as legal counsel to Bridge. Information about Bridge’s directors and executive officers is available in its proxy statement for its 2020 annual meeting of shareholders, which was filed with the SEC on April 28, 2020, and information about Dime’s directors and executive officers is available in its proxy statement for its 2020 annual meeting of shareholders, which was filed with the SEC on April 15, 2020. --Bridge Bancorp, Inc., the parent company of BNB Bank, today announced second quarter results for 2020.. Net income for the 2020 second … Its enhanced branch footprint and increased capital base will allow the combined company to serve the needs of small-to-mid-sized businesses. Our Accessibility Statement | Terms of Service | Do Not Sell My Information. Global and national health concerns relating to the COVID-19 pandemic outbreak have been weighing on the local, national and global economic environments, and the outbreak has significantly increased economic uncertainty. These measures have not only negatively impacted consumer and business spending habits, they have also adversely impacted and may further impact Dime and Bridge’s workforces and operations and the operations of their customers, vendors and business partners. The company also provides various loans comprising commercial real estate mortgage, multi-family … Bridge, Dime and their respective directors, and certain of their executive officers and employees may be deemed to be participants in the solicitation of proxies from the shareholders of Dime in connection with the Merger. The consensus among Wall Street equities research analysts is that investors should "buy" Bridge Bancorp stock. 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Close Merger of Equals, Why You Might Be Interested In Bridge Bancorp, Inc. (NASDAQ:BDGE) For Its Upcoming Dividend, Bridge Bancorp (BDGE) Q4 Earnings and Revenues Top Estimates, Bridge Bancorp, Inc. Reports Fourth Quarter and Year End 2020 Results With Diluted Earnings Per Common Share of $0.45 (as Reported) and $0.75 (as Adjusted), Staar Surgical Set to Join S&P MidCap 400; Prestige Consumer Healthcare & Bridge Bancorp to Join S&P SmallCap 600. Bridge and Dime caution that the foregoing list of factors is not exclusive. By GlobeNewswire. You may vote once every thirty days. 7255, or to Dime Community Bancshares, Inc., 300 Cadman Plaza West, 8th Floor, Brooklyn, New York 11201, Attention: Corporate Secretary, or by calling (718) 782-6200, or by accessing Bridge’s website at www.bnbbank.com under the “Investor Relations” tab or by accessing Dime’s website at www.dime.com under the “About—Investor Relations” tab. Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. Risks Related to the SBA PPP Loan Program. There are no comparable recent events which may provide guidance as to the effect of the spread of COVID-19 and a global pandemic, and, as a result, the ultimate impact of the COVID-19 outbreak or a similar health epidemic or pandemic is highly uncertain and subject to change. View Bridge Bancorp's dividend history. Established in 1910, BNB, with assets of approximately $5.1 billion, operates 38 branch locations serving Long Island and the greater New York metropolitan area. Leveraging Dime’s ubiquitous brand name and having branch network coverage over the entire Long Island market provide the combined entity significant branding power. Bridge Bancorp, Inc. And Dime Community Bancshares, Inc. The combined company will operate under the “Dime Community Bancshares, Inc.” name and the combined bank will operate under the “Dime Community Bank” name.
Dime Community Bank is headquartered in Brooklyn, NY and operates twenty-eight banking offices located throughout Brooklyn, Queens, the Bronx, Nassau and Suffolk Counties, New York. Bridge Bancorp Inc stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. Bridge Bancorp pays a meaningful dividend of 3.93%, higher than the bottom 25% of all stocks that pay dividends. Through its branch network and its electronic delivery channels, BNB provides deposit and loan products and financial services to local businesses, consumers and municipalities. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As a result, actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties. MarketBeat's community ratings are surveys of what our community members think about Bridge Bancorp and other stocks. The official website for Bridge Bancorp is www.bnbbank.com. Upon completion of the transaction, which is subject to both Dime and Bridge shareholder approval, Dime shareholders will own approximately 52% and Bridge shareholders will own approximately 48% of the combined company. The full extent of the impact on Dime’s and Bridge’s businesses, operations or the economy as a whole is unknown. “This highly compelling combination will allow us to build on our complementary strengths and provide significant value for shareholders,” said Kevin O’Connor, President and Chief Executive Officer of Bridge Bancorp. Its deposit products include time, savings, and demand deposits. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the Merger. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. This press release is being made in respect of the proposed Merger between Dime and Bridge. Holland & Knight LLP is serving as legal counsel to Dime. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Bridge Bancorp, Inc. (NASDAQ:BDGE) released its quarterly earnings results on Wednesday, January, 27th. 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. © American Consumer News, LLC dba MarketBeat® 2010-2021. Based on earnings estimates, Bridge Bancorp will have a dividend payout ratio of 36.92% next year. View analyst ratings for Bridge Bancorp or view top-rated stocks. Bridge Bancorp Inc (NASDAQ:BDGE) Q3 2020 Earnings Call Oct 28, 2020, 10:00 a.m. In Bridge, we have aligned ourselves with a company that has a well-constructed commercial bank balance sheet, shares our values, our community focus, and our commitment to building and retaining highly-talented staffs.
Get daily stock ideas top-performing Wall Street analysts. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Financial institutions have experienced litigation related to their processes and procedures used in processing applications for the PPP. Certain retail locations in eastern Long Island will operate under the BNB Bank name for at least one year. To listen to the live call, please dial 1-888-348-2672 and upon dialing in, request to be joined into the “Bridge Bancorp and Dime Community Merger Announcement” call with the conference operator. Raymond James is acting as financial advisor, and has rendered a fairness opinion to the board of directors of Dime. View all of BDGE's competitors. The combined company will have a deep commitment to and extensive skillset in SBA-lending, which is anticipated to be an active business line in the current environment. The headquarters of the combined company will be located in Hauppauge, New York, with a corporate office to be located in New York, New York. Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. The transaction is approximately 0.4% accretive to Bridge’s Tangible Book Value. The webcast, along with related slides, will be available on both the Bridge website (www.bnbbank.com) and the Dime website (www.dime.com).
There are still rumblings about this medical cannabis disruptor that has a production cost of 50% less than their competitors…. To see all exchange delays and terms of use please see disclaimer. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, Dime will merge with and into Bridge, with Bridge as the surviving corporation, and Dime Community Bank will merge with and into BNB Bank, with BNB Bank as the surviving institution. Our enhanced branch footprint and increased capital base will allow us to better serve the needs of our customers. Bridge Bancorp has a P/B Ratio of 1.37. Bridge and Dime will conduct a live conference call and webcast to discuss the transaction at 8:30AM Eastern Time on July 2, 2020. Regarding Bridge Bancorp Inc, the DDM model, as implemented by StockNews, implies a negative return of 10.25% relative to its current price. You can opt out at any time. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered community commercial bank that was founded in 1864. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the businesses of Bridge and Dime may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; (2) the expected growth opportunities or cost savings from the Merger may not be fully realized or may take longer to realize than expected; (3) deposit attrition, operating costs, customer losses and business disruption following the Merger, including adverse effects on relationships with employees and customers, may be greater than expected; (4) the regulatory approvals required for the Merger may not be obtained on the proposed terms or on the anticipated schedule; (5) the shareholders of Bridge or Dime may fail to approve the Merger; (6) economic, legislative or regulatory changes, including changes in accounting standards, may adversely affect the businesses in which Bridge and Dime are engaged; (7) the interest rate environment may further compress margins and adversely affect net interest income; (8) results may be adversely affected by continued adverse changes to credit quality; (9) competition from other financial services companies in Bridge’s and Dime’s markets could adversely affect operations; (10) an economic slowdown could adversely affect credit quality and loan originations; (11) the COVID-19 pandemic is adversely affecting Dime, Bridge, and their respective customers, employees and third-party service providers; the adverse impacts of the pandemic on their respective business, financial position, operations and prospects have been material, and it is not possible to accurately predict the extent, severity or duration of the pandemic or when normal economic and operation conditions will return; and (12) other factors that may affect future results of Dime and Bridge including changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; capital management activities; and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms. Where Do Hedge Funds Stand On Bridge Bancorp, Inc. (BDGE)? The financial services provider reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.72 by $0.11. View our full suite of financial calendars and market data tables, all for free. High institutional ownership can be a signal of strong market trust in this company. Based on the last year's worth of payments, Bridge Bancorp stock has a trailing yield of around 4.9% on the current share price of $19.51. Bridge Bancorp, a New York-based corporation, is a one-bank holding company that is engaged in commercial banking and financial services through its subsidiary, The Bridgehampton National Bank. Looking for new stock ideas? These forward-looking statements include, but are not limited to, statements about (i) the benefits of a merger (the “Merger”) between Bridge and Dime, including future financial and operating results, cost savings, enhancements to revenue and accretion to reported earnings that may be realized from the Merger; (ii) Bridge’s and Dime’s plans, objectives, expectations and intentions and other statements contained in this release that are not historical facts; and (iii) other statements identified by words such as “may”, “assumes”, “approximately”, “will”, “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. The outbreak has resulted in authorities implementing numerous measures to try to contain the virus, such as travel bans and restrictions, quarantines, shelter in place orders, and business shutdowns. View Bridge Bancorp's earnings history. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. BRIDGEHAMPTON, N.Y. and BROOKLYN, N.Y., July 01, 2020 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (Nasdaq: BDGE) (“Bridge”), the parent company of BNB Bank, and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime”), the parent company of Dime Community Bank, today announced that they have entered into a definitive merger agreement pursuant to which the companies will combine in an all-stock merger of equals transaction, valued at approximately $489 million. Bridge has a deep history in C&I, commercial real estate, and small business lending, while Dime has been a leading player in low-LTV New York multifamily lending. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Pot stocks are riding a massive election high right now, and it's not too late to take advantage of it. How Should Investors Feel About Bridge Bancorp's (NASDAQ:BDGE) CEO Remuneration?
Bridge Bancorp, Inc. operates as the bank holding company for The Bridgehampton National Bank that provides commercial and consumer banking services in the United States. Bridge Bancorp, Inc. is a bank holding company for BNB Bank, formerly known as The Bridgehampton National Bank (the Bank). MarketBeat just released five new stock ideas, but Bridge Bancorp wasn't one of them. Bridge and Dime may be exposed to credit risk on PPP loans if a determination is made by the SBA that there is a deficiency in the manner in which the loan was originated, funded, or serviced. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Free copies of these documents may be obtained as described in the preceding paragraph. High-Paying Jobs at Bridge Bancorp, Inc. 7290Email: jmccaffery@bnbbank.com, Investor Relations Contact:Avinash ReddySenior Executive Vice President – Chief Financial OfficerPhone: 718-782-6200; Ext. July 01, 2020 16:35 ET
Some of them charge up to $2,000 for a full treatment... this is an emerging trend every investor should consider.document.write(''); Sign-up to receive the latest news and ratings for Bridge Bancorp and its competitors with MarketBeat's FREE daily newsletter. Bridge Bancorp, Inc.
Bridge Bancorp, Inc. (BDGE) CEO Kevin O'Connor on Q3 2020 Results - Earnings Call Transcript, Zions Bancorporation, National Association (ZION), Receive Analysts' Upgrades and Downgrades Daily. View which stocks are hot on social media with MarketBeat's trending stocks report. Important Additional Information and Where to Find It. The combination fortifies complementary commercial and retail banking business lines. And that means more profits.document.write('
'); There is not enough analysis data for Bridge Bancorp. Bridge Bancorp, Inc., (the “Registrant” or “Holding Company”) is a registered bank holding company for BNB Bank, which was known as The Bridgehampton National Bank prior to the Bank’s conversion to a New York chartered commercial bank in December 2017. “Dime has earned its strong reputation in the greater New York metropolitan market, and I’m thrilled to partner with them. Please log in to your account or sign up in order to add this asset to your watchlist. We believe the capital strength of the combined company, Bridge’s high-quality deposit base, and Dime’s historically strong New York City multifamily loan portfolio, will result in the creation of a solid balance sheet.
Receive a free world-class investing education from MarketBeat. ET. Business Overview "Bridge Bancorp Inc" of Bridgehampton, NY 11932 operates primarily in SIC Code 6712 - Offices of Bank Holding Companies and NAICS Code 551111 - Offices of Bank Holding Companies.Bridge Bancorp Inc is a medium-sized business with medium revenue, that is well-established in its industry. Established in 1910, BNB, with assets of approximately $6.3 billion, operates 39 branch locations serving Long Island and the greater New York metropolitan area. Announce Final Regulatory Approval of Merger of Equals Dec 22, 2020 Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Bridge Bancorp, Inc. (NASDAQ:BDGE) posted its quarterly earnings results on Wednesday, January, 27th. Bridge Bancorp's management team includes the following people: This Little-Known Lithium Explorer May About to Rocket.
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