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Bridge Bancorp, Inc. Message Board

  • o08o.ugh64w o08o.ugh64w Oct 11, 2013 10:59 AM Flag

    Overbought now

    Shares are now $2 above the $20.75 that new shares were sold at just last week.

    Again, bottom line EPS will likely take a hit for more shares outstanding.

    PE seems to be going in the wrong direction here.

    I'm starting to become concerned with the direction being chosen by management.

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    • As indicated - flat earnings, lower EPS because of more shares - and there will be more going forward. No need to purchase shares until they are back in the $19's. Nothing but a game was played over the past month - now it's time to come back to reality.

      Core net income, which excludes acquisition costs, net of income taxes, for the quarter ended September 2013, was $3.4 million or $.37 per share, compared to $3.4 million or $.39 per share, for the same period in 2012. The decrease in earnings per share reflects the higher shares outstanding for the quarter ended September 30, 2013.

25.82+0.21(+0.82%)Mar 30 4:00 PMEDT