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Bridge Bancorp upgraded to Buy from Neutral at DA Davidson » 07:54
11/13/20
11/13
07:54
11/13/20
07:54
BDGE

Bridge Bancorp

$20.49 /

-0.58 (-2.75%)

, DCOM

Dime Community

$13.12 /

-0.49 (-3.60%)

DA Davidson analyst…

DA Davidson analyst Christopher Keith upgraded Bridge Bancorp (BDGE) to Buy from Neutral with a price target of $29.30, up from $19.50. The analyst notes that the bank's merger of equals with Dime Community Bancshares (DCOM) makes for a "strong combined firm" with "increased franchise value", particularly as the interest rate outlook moves to a "more neutral position" and as both companies gain scale and size.

ShowHide Related Items >><<
BDGE Bridge Bancorp
$20.49 /

-0.58 (-2.75%)

BDGE Bridge Bancorp
$20.49 /

-0.58 (-2.75%)

DCOM Dime Community
$13.12 /

-0.49 (-3.60%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$13.12 /

-0.49 (-3.60%)

BDGE Bridge Bancorp
$20.49 /

-0.58 (-2.75%)

Hot Stocks
Bridge Bancorp Dime, Community receive regulatory approval for merger » 16:18
10/30/20
10/30
16:18
10/30/20
16:18
BDGE

Bridge Bancorp

$19.60 /

+0.2 (+1.03%)

, DCOM

Dime Community

$12.66 /

-0.02 (-0.16%)

Bridge Bancorp (BDGE) and…

Bridge Bancorp (BDGE) and Dime Community Bancshares (DCOM) announced that they have received the required regulatory approval from the Board of Governors of the Federal Reserve System to merge Dime Community Bank with and into BNB Bank. The parties have filed an application with New York State Department of Financial Services to merge Dime Community Bank with and into BNB Bank, and have requested a waiver of a formal application process with the Federal Reserve Board with respect to any holding company application, each of which is pending. In addition to receipt of the required regulatory approvals, completion of the proposed merger remains subject to the satisfaction or waiver of other closing conditions and Dime and Bridge shareholder approval. Bridge and Dime have scheduled their respective virtual meetings of shareholders for December 3 at 10:00 a.m. local time.

ShowHide Related Items >><<
BDGE Bridge Bancorp
$19.60 /

+0.2 (+1.03%)

BDGE Bridge Bancorp
$19.60 /

+0.2 (+1.03%)

DCOM Dime Community
$12.66 /

-0.02 (-0.16%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.66 /

-0.02 (-0.16%)

BDGE Bridge Bancorp
$19.60 /

+0.2 (+1.03%)

Earnings
Dime Community reports Q3 core EPS 44c, consensus 32c » 16:57
10/27/20
10/27
16:57
10/27/20
16:57
DCOM

Dime Community

$12.45 /

-0.57 (-4.38%)

Kenneth J. Mahon, Chief…

Kenneth J. Mahon, Chief Executive Officer of the company, stated, "Third quarter of 2020 EPS of $0.44 (on a core basis) represents a record for Dime in our history as a publicly traded company. We had solid growth in our loan portfolio and continued net interest margin expansion. In addition, expenses remained well controlled and non-performing assets declined. Our earnings profile and robust capital base helps position us well to serve our customers and communities, our employees and investors. Our merger integration teams are making good progress on the previously announced transaction with Bridge Bancorp, Inc. We are well on our way to create a foundational franchise that has the opportunity to become one of the elite regional bank competitors in New York and on Long Island."

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DCOM Dime Community
$12.45 /

-0.57 (-4.38%)

DCOM Dime Community
$12.45 /

-0.57 (-4.38%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.45 /

-0.57 (-4.38%)

Over a quarter ago
Earnings
Dime Community reports Q2 ex-items EPS 39c, consensus 26c » 16:34
07/28/20
07/28
16:34
07/28/20
16:34
DCOM

Dime Community

$11.46 /

-0.11 (-0.95%)

Net interest income in Q2…

Net interest income in Q2 was $43.6M, an increase of $3.0M from Q1 and an increase of $7.1M from Q2 of 2019.

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DCOM Dime Community
$11.46 /

-0.11 (-0.95%)

DCOM Dime Community
$11.46 /

-0.11 (-0.95%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$11.46 /

-0.11 (-0.95%)

Conference/Events
Dime Community and Bridge Bancorp hold a joint conference call » 08:25
07/02/20
07/02
08:25
07/02/20
08:25
BDGE

Bridge Bancorp

$21.86 /

-0.91 (-4.00%)

, DCOM

Dime Community

$12.87 /

-0.86 (-6.26%)

Dime Community and Bridge…

Dime Community and Bridge Bancorp hold a joint conference call to discuss their definitive merger agreement to combine both companies in an all-stock merger of equal transactions valued at ~$489M on July 2 at 8:30 am. Webcast Link

ShowHide Related Items >><<
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

09/26/19 DA Davidson
Bridge Bancorp initiated with a Neutral at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

Conference/Events
Dime Community and Bridge Bancorp hold a joint conference call » 04:55
07/02/20
07/02
04:55
07/02/20
04:55
BDGE

Bridge Bancorp

$21.86 /

-0.91 (-4.00%)

, DCOM

Dime Community

$12.87 /

-0.86 (-6.26%)

Dime Community and Bridge…

Dime Community and Bridge Bancorp hold a joint conference call to discuss their definitive merger agreement to combine both companies in an all-stock merger of equal transactions valued at ~$489M on July 2 at 8:30 am. Webcast Link

ShowHide Related Items >><<
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

09/26/19 DA Davidson
Bridge Bancorp initiated with a Neutral at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

Conference/Events
Dime Community and Bridge Bancorp hold a joint conference call » 17:39
07/01/20
07/01
17:39
07/01/20
17:39
BDGE

Bridge Bancorp

$21.86 /

-0.91 (-4.00%)

, DCOM

Dime Community

$12.87 /

-0.86 (-6.26%)

Dime Community and Bridge…

Dime Community and Bridge Bancorp hold a joint conference call to discuss their definitive merger agreement to combine both companies in an all-stock merger of equal transactions valued at ~$489M on July 2 at 8:30 am. Webcast Link

ShowHide Related Items >><<
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

09/26/19 DA Davidson
Bridge Bancorp initiated with a Neutral at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

Hot Stocks
Bridge Bancorp, Dime Community combination to be led by CEO Kevin O'Connor » 16:48
07/01/20
07/01
16:48
07/01/20
16:48
BDGE

Bridge Bancorp

$21.86 /

-0.91 (-4.00%)

, DCOM

Dime Community

$12.87 /

-0.86 (-6.26%)

The combined…

The combined company's board of directors will have twelve directors, consisting of six directors from Bridge (BDGE) and six directors from Dime (DCOM). Kenneth Mahon, the current CEO 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. The combined company will be led by a well-respected management team that is comprised of individuals with significant financial services and M&A integration experience. Kevin O'Connor, the current President and CEO of Bridge, will serve as Chief Executive Officer Stuart "Stu" Lubow, the current President of Dime, will serve as President and COO. John McCaffery, the current CFO of Bridge, will serve as Senior Executive Vice President and Chief Risk Officer. Avinash "Avi" Reddy, the current Senior Executive Vice President and CFO of Dime, will serve as Senior Executive Vice President and CFO.

ShowHide Related Items >><<
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

09/26/19 DA Davidson
Bridge Bancorp initiated with a Neutral at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.87 /

-0.86 (-6.26%)

BDGE Bridge Bancorp
$21.86 /

-0.91 (-4.00%)

Hot Stocks
Bridge Bancorp, Dime Community to combine in $489M all-stock merger of equals » 16:40
07/01/20
07/01
16:40
07/01/20
16:40
BDGE

Bridge Bancorp

$21.84 /

-0.93 (-4.08%)

, DCOM

Dime Community

$12.86 /

-0.87 (-6.34%)

Bridge Bancorp (BDGE) and…

Bridge Bancorp (BDGE) and Dime Community Bancshares (DCOM) 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 $489M. The merger combines two complementary banking platforms to create a premier community-based business bank. The combined company will have over $11B in assets, over $8B in total deposits, and 66 branches spanning Montauk to Manhattan. 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. 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. 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. Upon completion of the transaction, which is subject to both Dime and Bridge shareholder approval, Dime shareholders will own approximately 52% and Bridge shareholders will own approximately 48% of the combined company. The combined company will operate under the "Dime Community Bancshares, Inc." name and the combined bank will operate under the "Dime Community Bank" name. The combined company will trade under the Dime ticker symbol "DCOM" on The Nasdaq Stock Market. 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.

ShowHide Related Items >><<
DCOM Dime Community
$12.86 /

-0.87 (-6.34%)

BDGE Bridge Bancorp
$21.84 /

-0.93 (-4.08%)

BDGE Bridge Bancorp
$21.84 /

-0.93 (-4.08%)

09/26/19 DA Davidson
Bridge Bancorp initiated with a Neutral at DA Davidson
DCOM Dime Community
$12.86 /

-0.87 (-6.34%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
DCOM Dime Community
$12.86 /

-0.87 (-6.34%)

BDGE Bridge Bancorp
$21.84 /

-0.93 (-4.08%)

Hot Stocks
Bridge Bancorp, Dime Community to combine in $489M all-stock merger of equals  16:37
07/01/20
07/01
16:37
07/01/20
16:37
DCOM

Dime Community

$12.86 /

-0.87 (-6.34%)

, BDGE

Bridge Bancorp

$21.84 /

-0.93 (-4.08%)

 
ShowHide Related Items >><<
DCOM Dime Community
$12.86 /

-0.87 (-6.34%)

BDGE Bridge Bancorp
$21.84 /

-0.93 (-4.08%)

DCOM Dime Community
$12.86 /

-0.87 (-6.34%)

06/04/20
Dime Community raises $50M in a preferred stock offering
04/28/20 Piper Sandler
Dime Community downgraded to Neutral after Q1 results at Piper Sandler
04/28/20 Piper Sandler
Dime Community downgraded to Neutral from Overweight at Piper Sandler
03/19/20
Dime Community initiated with a Buy at DA Davidson
BDGE Bridge Bancorp
$21.84 /

-0.93 (-4.08%)

09/26/19 DA Davidson
Bridge Bancorp initiated with a Neutral at DA Davidson
DCOM Dime Community
$12.86 /

-0.87 (-6.34%)

BDGE Bridge Bancorp
$21.84 /

-0.93 (-4.08%)

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