Bridge Bancorp, Inc. Second Quarter Earnings Sneak Peek

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Bridge Bancorp, Inc. (NASDAQ:BDGE) will unveil its latest earnings on Monday, July 18, 2011. Bridge Bancorp, Inc. is a bank holding Company, which through Bridgehampton National Bank, engages in full service commercial and consumer banking business.

Bridge Bancorp, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 34 cents per share, a decline of 5.6% from the company’s actual earnings for the same quarter a year ago. For the year, analysts are projecting net income of $1.45 per share, no change from last year.

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Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 1.4% while it rose 8.8% in the fourth quarter of the last fiscal year and 2.7% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 0.4% to $13.1 million in first quarter. The figure rose 8.5% in the fourth quarter of the last fiscal year from the year earlier, climbed 6.2% in the third quarter of the last fiscal year from the year-ago quarter and 1.5% in the second quarter of the last fiscal year.

Competitors to Watch: Suffolk Bancorp (NASDAQ:SUBK), NBT Bancorp Inc. (NASDAQ:NBTB), F.N.B. Corporation (NYSE:FNB), Evans Bancorp Inc. (NASDAQ:EVBN), Arrow Financial Corp. (NASDAQ:AROW), Community Bank System, Inc. (NYSE:CBU), Sterling Bancorp (NYSE:STL), Jeffersonville Bancorp (NASDAQ:JFBC), Intervest Bancshares Corp (NASDAQ:IBCA), and The First of Long Island Corp. (NASDAQ:FLIC).

Stock Price Performance: During June 13, 2011 to July 12, 2011, the stock price had risen 46 cents (2.2%) from $21.14 to $21.60. The stock price saw one of its best stretches over the last year between February 1, 2011, and February 10, 2011, when shares rose for eight-straight days, rising 6.1% (+$1.34) over that span. Shares have been on a negative streak of late, closing down every day between July 11, 2011 and July 12, 2011. Shares are down $2.80 (-11.5%) year to date.

(Source: Xignite Financials)

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