These measures may remain in place for a significant period of time and they are likely to continue to adversely affect the businesses, results of operations and financial condition of Dime and Bridge. Some companies that are related to Bridge Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Commerce Bancshares (CBSH). “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. 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. 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. 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. *Real-Time - data as of 05/12/2021 16:00:00. 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. The definitive Joint Proxy Statement/Prospectus will be mailed to shareholders of Dime. Bridge Bancorp employs 496 workers across the globe. Bridge Bancorp, Inc. sales growth this year is anticipated to be 12.3% and 0.1% for next year. Announce Final Regulatory Approval of Merger of Equals Dec 22, 2020 Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Piper Sandler Companies is acting as financial advisor, and has rendered a fairness opinion to the board of directors of Bridge. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Check out on Stash. The financial services provider reported $0.61 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.72 by $0.11. The official website for Bridge Bancorp is www.bnbbank.com. 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. The consensus among Wall Street equities research analysts is that investors should "buy" Bridge Bancorp stock. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.81%. 20 minute minimum delay. 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. This payout ratio is at a healthy, sustainable level, below 75%. 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. Dime Community Bancshares, Inc. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a community-oriented financial institution. 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. 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. Holland & Knight LLP is serving as legal counsel to Dime. Through its branch network and its electronic delivery channels, BNB provides deposit and loan products and financial services to local businesses, consumers and municipalities. The combined company will operate under the “Dime Community Bancshares, Inc.” name and the combined bank will operate under the “Dime Community Bank” name. Share Pursuant to the terms of the agreement dated July 1, 2020, each share of Legacy Dime was converted into 0.648 common shares of Bridge and the combined company was renamed Dime Community Bancshares, Inc. Beginning today, the combined company will trade on The NASDAQ Global Select Market under the ticker “DCOM”. Bridge Bancorp has a market capitalization of $675.99 million and generates $206.93 million in revenue each year. Risks Relating to the Coronavirus (COVID-19) Outbreak. Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly owned subsidiary, The Bridgehampton National Bank. Stockholders of record on Friday, February 5th will be paid a dividend of $0.24 per share on Friday, February 12th. Bridge Bancorp has a P/B Ratio of 1.37. (Add your “underperform” vote.). July 01, 2020 16:35 ET
This puts Kevin M. OConnor in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. --Bridge Bancorp, Inc., the parent company of BNB Bank, today announced second quarter results for 2020.. Net income for the 2020 second … Bridge Bancorp is headquartered at 2200 MONTAUK HIGHWAY, BRIDGEHAMPTON NY, 11932. 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. Vote “Underperform” if you believe BDGE will underperform the S&P 500 over the long term. ET. View Bridge Bancorp's dividend history. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Our Accessibility Statement | Terms of Service | Do Not Sell My Information. Bridge Bancorp pays a meaningful dividend of 3.93%, higher than the bottom 25% of all stocks that pay dividends. 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. I look forward to working closely with Ken and the entire Dime team as we collectively become New York’s premier community bank.”, Kenneth J. Mahon, Chief Executive Officer of Dime, commented, “Prior to the onset of our commercial bank transformation four years ago, Dime was a monoline, multifamily thrift lender. To receive more information regarding the investigation of Bridge Bancorp, Inc. please fill out the form below. Bridge and Dime caution that the foregoing list of factors is not exclusive. We expect our shareholders to benefit from owning a stronger, more attractive, and more formidable competitor in the New York market.”. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Bridge Bancorp Inc are:
This payout ratio is at a healthy, sustainable level, below 75%. 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 US$0.96 per share to shareholders. The extent to which the COVID-19 pandemic impacts Dime and Bridge’s businesses, results of operations and financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including, but not limited to, the duration and spread of the outbreak, its severity, the actions to contain the virus or treat its impact, and how quickly and to what extent normal economic and operating conditions can resume.
The merger is expected to close in the first quarter of 2021, subject to satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by the shareholders of each company. However, the effects could have a material impact on results of operations, and Dime and Bridge will continue to monitor the COVID-19 pandemic situation closely. Vote “Outperform” if you believe BDGE will outperform the S&P 500 over the long term. The P/E ratio of Bridge Bancorp is 14.37, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.36. 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. Based on earnings estimates, Bridge Bancorp will have a dividend payout ratio of 36.92% next year. 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's community ratings are surveys of what our community members think about Bridge Bancorp and other stocks. View analyst ratings for Bridge Bancorp or view top-rated stocks. Wall Street analysts have given Bridge Bancorp a "Buy" rating, but there may be better buying opportunities in the stock market. Loan forbearances and other measures have been taken by Dime and Bridge to assist affected customers and businesses, which have had and may continue to have an adverse impact on results of operations and financial condition. 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. 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. $32.79. Bridge and Dime are two of the most highly acclaimed and respected franchises in the New York market. 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. Only 15.50% of the stock of Bridge Bancorp is held by insiders. 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. Announce Receipt Of Bank Level Regulatory Approval From The Federal Reserve Board Of Governors. Bridge Bancorp, Inc. and Dime Community Bancshares, Inc. Close merger of Equals. Enhances Scale and Builds Upon Complementary Strengths: The combined company will be strategically positioned to have enhanced scale with expected improved opportunities for growth and profitability. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. | Source:
These forward-looking statements are based upon the current beliefs and expectations of the respective management of Bridge and Dime and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of Bridge and Dime. 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bridge Bancorp in the last twelve months. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Invest in Bridge Bancorp Inc on Stash. Based on aggregate information from My MarketBeat watchlists, some companies that other Bridge Bancorp investors own include The Boeing (BA), General Motors (GM), Mastercard (MA), Main Street Capital (MAIN), NVIDIA (NVDA), AT&T (T), Enterprise Products Partners (EPD), International Business Machines (IBM), Johnson & Johnson (JNJ) and JPMorgan Chase & Co. (JPM). The ex-dividend date of this dividend is Thursday, February 4th. 12 employees have rated Bridge Bancorp CEO Kevin M. OConnor on Glassdoor.com. 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. Risks Related to the SBA PPP Loan Program. View which stocks are hot on social media with MarketBeat's trending stocks report. 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. The merger combines two complementary banking platforms to create a premier community-based business bank. 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. 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). Both of us weathered the financial crisis of 2008 with among the lowest loss rates in the entire country. HAUPPAUGE, N.Y., Feb. 01, 2021 (GLOBE NEWSWIRE) - Bridge Bancorp Inc. (Nasdaq: BDGE) (“Bridge”) and Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Legacy Dime”) today announced the successful closing of the previously announced merger of equals between the respective companies. To see all exchange delays and terms of use please see disclaimer. Management believes that conservative and achievable cost savings, projected to be approximately 15% of the combined expense base, will drive strong financial metrics, material capital generation and tangible book value per share growth. The P/E ratio of Bridge Bancorp is 14.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.52. 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. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Bridge Bancorp had a net margin of 23.05% and a trailing twelve-month return on equity of 9.83%. 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. 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. 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 stocks price quote with latest real-time prices, charts, financials, latest news, technical analysis and opinions. The dividend payout ratio of Bridge Bancorp is 37.07%. 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. 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. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. 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. View our full suite of financial calendars and market data tables, all for free. Chartered federally in 1910, The Bridgehampton National Bank was founded by local farmers and merchants. The dividend payout ratio of Bridge Bancorp is 37.07%. High-Paying Jobs at Bridge Bancorp, Inc. By GlobeNewswire. The webcast, along with related slides, will be available on both the Bridge website (www.bnbbank.com) and the Dime website (www.dime.com). 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. Bridge Bancorp, Inc. (NASDAQ:BDGE) posted its quarterly earnings results on Wednesday, January, 27th. A replay of the conference call will be available on the websites listed above. As a result, option symbol BDGE will also change to DCOM effective at the opening of business on Under the terms of the agreement, Dime shareholders will receive 0.6480 shares of Bridge common stock for each share of Dime common stock owned.
How Should Investors Feel About Bridge Bancorp's (NASDAQ:BDGE) CEO Remuneration? Its deposit products include time, savings, and demand deposits. © American Consumer News, LLC dba MarketBeat® 2010-2021. Bridge Bancorp announced a quarterly dividend on Friday, January 8th. Bridge and Dime will conduct a live conference call and webcast to discuss the transaction at 8:30AM Eastern Time on July 2, 2020. There are still rumblings about this medical cannabis disruptor that has a production cost of 50% less than their competitors…. DCOM. (Add your “outperform” vote. 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.
Nets Luxury Tax, Hollingbury Golf Course, Bungalows To Rent In Whitstable, Ticketmaster Eventos Pospuestos, Nrl Live Stream 2021, Suncoast Gift Card Balance, Celtics Vs Wizards Prediction Covers, Scarborough Fc Relegated,
