PGC has been the topic of several other reports. Zacks Investment Research upgraded shares of Peapack-Gladstone Financial from a sell rating to a hold rating in a research note on Tuesday, April 2nd. Gabelli assumed coverage on shares of Peapack-Gladstone Financial in a research report on Monday, February 11th. They set a buy rating and a $37.00 price objective on the stock. Finally, FIG Partners cut shares of Peapack-Gladstone Financial from an outperform rating to a market perform rating in a research report on Monday, January 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Peapack-Gladstone Financial presently has an average rating of Hold and an average price target of $36.50.
NASDAQ PGC opened at $27.19 on Friday. Peapack-Gladstone Financial has a 1 year low of $23.96 and a 1 year high of $36.88. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $527.27 million, a price-to-earnings ratio of 11.77, a PEG ratio of 2.21 and a beta of 1.05.
Peapack-Gladstone Financial (NASDAQ:PGC) last posted its earnings results on Friday, January 25th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.02). Peapack-Gladstone Financial had a return on equity of 9.91% and a net margin of 21.67%. The firm had revenue of $40.64 million during the quarter, compared to analysts’ expectations of $41.58 million. As a group, research analysts forecast that Peapack-Gladstone Financial will post 2.37 EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of PGC. Prudential Financial Inc. raised its position in Peapack-Gladstone Financial by 10.3% in the 3rd quarter. Prudential Financial Inc. now owns 92,539 shares of the financial services provider’s stock worth $2,858,000 after purchasing an additional 8,640 shares during the period. BlackRock Inc. raised its position in Peapack-Gladstone Financial by 1.7% in the 3rd quarter. BlackRock Inc. now owns 1,199,738 shares of the financial services provider’s stock worth $37,061,000 after purchasing an additional 19,669 shares during the period. Dimensional Fund Advisors LP raised its position in Peapack-Gladstone Financial by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,042,789 shares of the financial services provider’s stock worth $32,212,000 after purchasing an additional 83,194 shares during the period. Citadel Advisors LLC purchased a new position in Peapack-Gladstone Financial in the 3rd quarter worth $732,000. Finally, Renaissance Technologies LLC raised its position in Peapack-Gladstone Financial by 10.7% in the 3rd quarter. Renaissance Technologies LLC now owns 319,720 shares of the financial services provider’s stock worth $9,876,000 after purchasing an additional 30,900 shares during the period. Hedge funds and other institutional investors own 72.06% 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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