Insiders Were Right: BDGE Makes New 52-Week High

In trading on Tuesday, shares of Bridge Bancorp, Inc. (BDGE) touched a new 52-week high of $32.30/share. That's a 23.14% rise, or $6.07 per share from the 52-week low of $26.23 set back on 01/20/2016. That means at today's intraday high, any investor who purchased BDGE stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, BDGE has seen 3 different instances of insiders buying over the trailing six month period.

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Purchased Insider Title Shares Price/Share Value
06/24/2016 Marcia Hefter Director 1,500 $27.95 $41,925.00
06/24/2016 Charles I. Massoud Director 1,500 $28.00 $42,000.00
09/20/2016 Capital Management, L.L.C. Basswood 17,853 $29.16 $520,593.48
11/02/2016 Albert E. McCoy Jr. Director 5,000 $27.29 $136,436.00

The chart below shows where BDGE has traded over the past year, with the 50-day and 200-day moving averages included.

Bridge Bancorp, Inc.  Moving Averages Chart

In afternoon trading on Tuesday, BDGE shares are changing hands at $32.05/share, slightly below the new 52-week high.

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