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In this article, I will feature one bank that has seen intensive insider buying during the last 30 days. Intensive insider buying can be defined by the following three criteria:

  1. The stock is purchased by three or more insiders within one month.
  2. The stock is sold by no insiders in the month of intensive purchasing.
  3. At least two purchasers increase their holdings by more than 10%.

Bridge Bancorp (NASDAQ:BDGE) operates as the bank holding company for The Bridgehampton National Bank that provides commercial and consumer banking services primarily in Suffolk county, eastern Long Island, New York.

Insider buying during the last 30 days

Here is a table of Bridge Bancorp's insider-trading activity during the last 30 days by insider.

NameTitleTrade DateShares PurchasedCurrent Ownership (Direct+Indirect)Increase In Shares
Dennis SuskindDirectorOct 213,500122,226 shares+12.4%
Rudolph SantoroDirectorOct 25,00010,342 shares+93.6%
Kevin SantacroceChief Lending OfficerOct 24,75037,773 shares+14.4%
Kevin O'ConnorCEOOct 210,00091,713 shares+12.2%
Howard NolanCOOOct 22,00043,786 shares+4.8%
Albert McCoyDirectorOct 212,50084,631 shares+17.3%
Charles MassoudDirectorOct 22,20017,941 shares+14.0%
Marcia HefterDirectorOct 22,30075,458 shares+3.1%
Antonia DonohueDirectorOct 21,0006,595 shares+17.9%
Emanuel ArturiDirectorOct 210,00029,279 shares+51.9%

There have been 63,250 shares purchased by insiders during the last 30 days. The shares were purchased pursuant to a public offering.

Insider buying by calendar month

Here is a table of Bridge Bancorp's insider-trading activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
October 201363,2500
September 201300
August 201300
July 201300
June 201300
May 20134,9350
April 201300
March 201300
February 20131,0000
January 20130707

There have been 69,185 shares purchased and there have been 707 shares sold by insiders this year.

Financials

Bridge Bancorp reported the second-quarter financial results on July 25 with the following highlights:

Revenue$12.3 million
Net income$3.3 million
Book value$12.88 per share
Tangible book value$12.63 per share

Competition

Bridge Bancorp's peer group consists of the following: Adirondack Trust Company (OTCQB:ADKT), Bank of Utica (OTCQB:BKUT), Citizens Financial Services (OTCQB:CZFS), Codorus Valley Bancorp (NASDAQ:CVLY), ENB Financial Corp (OTCQB:ENBP), Fidelity D & D Bancorp (OTCQB:FDBC), FNB Bancorp (OTCQB:FBIP), Penns Woods Bancorp (NASDAQ:PWOD), and Penseco Financial Services Corporation (OTCQB:PFNS).

Here is a table comparing Bridge Bancorp to the peer group.

 BDGEPeer average
Price/Earnings14.5311.74
Price/Book168.12%120.72%
Dividend yield4.25%3.15%

Bridge Bancorp has a higher dividend yield than the peer group.

Here is a table of these competitors' insider-trading activities this year.

CompanyInsider buying / sharesInsider selling / shares
CZFS1001,639
CVLY5,44911,362
ENBP175479
FDBC22,3550
PWOD2,0000
PFNS3830

Only Bridge Bancorp has seen intensive insider buying during the last 30 days.

Conclusion

There have been 10 different insiders buying Bridge Bancorp and there have not been any insiders selling Bridge Bancorp during the last 30 days. Eight of these 10 insiders increased their holdings by more than 10%. Bridge Bancorp has an insider ownership of 1.50%.

There are two analyst buy ratings, one neutral rating, and zero sell ratings with an average price target of $25.33.

Bridge Bancorp has a book value of $12.88 per share and the stock has a dividend yield of 4.25%. The stock is currently sitting right at its 200-day moving average, which could be a good entry point for the stock.

Source: Insiders Are Buying Bridge Bancorp