PGC has been the topic of a number of other reports. DA Davidson started coverage on Peapack-Gladstone Financial in a research note on Monday, November 25th. They issued a “neutral” rating and a $33.00 price target on the stock. ValuEngine lowered Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $35.00.
Shares of NASDAQ:PGC opened at $30.82 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 1.06. The business’s 50 day moving average price is $29.74 and its 200-day moving average price is $28.37. The firm has a market capitalization of $567.35 million, a PE ratio of 13.34, a P/E/G ratio of 2.16 and a beta of 0.99. Peapack-Gladstone Financial has a 1 year low of $23.96 and a 1 year high of $31.01.
Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The firm had revenue of $44.50 million during the quarter, compared to analyst estimates of $44.07 million. Peapack-Gladstone Financial had a return on equity of 9.47% and a net margin of 20.12%. As a group, analysts expect that Peapack-Gladstone Financial will post 2.43 earnings per share for the current year.
In related news, EVP Eric H. Waser sold 1,500 shares of Peapack-Gladstone Financial stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $28.62, for a total transaction of $42,930.00. Following the transaction, the executive vice president now owns 24,441 shares in the company, valued at $699,501.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have sold 12,000 shares of company stock worth $340,875. 4.13% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in Peapack-Gladstone Financial by 7.0% during the second quarter. Renaissance Technologies LLC now owns 353,720 shares of the financial services provider’s stock worth $9,947,000 after buying an additional 23,000 shares in the last quarter. Swiss National Bank lifted its position in Peapack-Gladstone Financial by 2.7% during the second quarter. Swiss National Bank now owns 30,600 shares of the financial services provider’s stock worth $860,000 after buying an additional 800 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Peapack-Gladstone Financial by 26.5% during the third quarter. Gamco Investors INC. ET AL now owns 14,300 shares of the financial services provider’s stock worth $401,000 after buying an additional 3,000 shares in the last quarter. Pitcairn Co. purchased a new position in Peapack-Gladstone Financial during the second quarter worth approximately $295,000. Finally, First Trust Advisors LP lifted its position in Peapack-Gladstone Financial by 12.1% during the third quarter. First Trust Advisors LP now owns 48,388 shares of the financial services provider’s stock worth $1,356,000 after buying an additional 5,242 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.
Peapack-Gladstone Financial Company Profile
Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Private Wealth Management. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.
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