Peapack-Gladstone Financial Co. (NASDAQ:PGC) – Investment analysts at Piper Sandler boosted their Q2 2020 EPS estimates for Peapack-Gladstone Financial in a research note issued to investors on Monday, June 29th. Piper Sandler analyst F. Schiraldi now anticipates that the financial services provider will earn $0.34 per share for the quarter, up from their prior estimate of $0.31. Piper Sandler currently has a “Overweight” rating on the stock. Piper Sandler also issued estimates for Peapack-Gladstone Financial’s Q3 2020 earnings at $0.40 EPS, Q4 2020 earnings at $0.47 EPS and Q1 2021 earnings at $0.34 EPS.
Peapack-Gladstone Financial (NASDAQ:PGC) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.47). Peapack-Gladstone Financial had a return on equity of 7.52% and a net margin of 15.64%. The company had revenue of $46.26 million for the quarter, compared to the consensus estimate of $45.41 million.
A number of other research firms have also weighed in on PGC. ValuEngine lowered Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. BidaskClub lowered Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a report on Monday, June 15th. Finally, Zacks Investment Research lowered Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.25.
Shares of Peapack-Gladstone Financial stock opened at $18.21 on Wednesday. Peapack-Gladstone Financial has a 12-month low of $11.15 and a 12-month high of $31.72. The stock has a market cap of $317.29 million, a P/E ratio of 9.44, a P/E/G ratio of 3.86 and a beta of 1.16. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $18.19 and its 200-day moving average is $23.21.
Several large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Peapack-Gladstone Financial by 10.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,442 shares of the financial services provider’s stock worth $106,000 after buying an additional 326 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Peapack-Gladstone Financial by 48.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,974 shares of the financial services provider’s stock worth $35,000 after buying an additional 643 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Peapack-Gladstone Financial by 77.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 1,578 shares of the financial services provider’s stock worth $48,000 after buying an additional 688 shares during the last quarter. Swiss National Bank lifted its position in shares of Peapack-Gladstone Financial by 3.3% during the 4th quarter. Swiss National Bank now owns 31,600 shares of the financial services provider’s stock worth $976,000 after buying an additional 1,000 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in Peapack-Gladstone Financial by 6.3% in the first quarter. GSA Capital Partners LLP now owns 20,939 shares of the financial services provider’s stock valued at $376,000 after purchasing an additional 1,244 shares during the last quarter. Hedge funds and other institutional investors own 67.12% 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.
Receive News & Ratings for Peapack-Gladstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peapack-Gladstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.