Peapack-Gladstone Financial Co. (NASDAQ:PGC) has received an average recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.50.
A number of brokerages have issued reports on PGC. BidaskClub raised Peapack-Gladstone Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th. FIG Partners lowered Peapack-Gladstone Financial from an “outperform” rating to a “market perform” rating in a research note on Monday, January 28th. Gabelli began coverage on Peapack-Gladstone Financial in a research note on Monday, February 11th. They set a “buy” rating and a $37.00 price target for the company. Finally, Zacks Investment Research lowered Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 30th.
PGC traded down $0.43 during trading hours on Friday, hitting $27.02. The company’s stock had a trading volume of 34,290 shares, compared to its average volume of 62,546. Peapack-Gladstone Financial has a fifty-two week low of $23.96 and a fifty-two week high of $36.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market cap of $522.81 million, a P/E ratio of 11.70, a P/E/G ratio of 2.19 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 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). Peapack-Gladstone Financial had a net margin of 21.67% and a return on equity of 9.91%. The business had revenue of $40.64 million during the quarter, compared to analyst estimates of $41.58 million. Equities analysts anticipate that Peapack-Gladstone Financial will post 2.37 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC boosted its stake in Peapack-Gladstone Financial by 51.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 12,623 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 4,312 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Peapack-Gladstone Financial by 22.4% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 86,630 shares of the financial services provider’s stock worth $2,676,000 after acquiring an additional 15,871 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Peapack-Gladstone Financial by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 766,829 shares of the financial services provider’s stock worth $23,686,000 after acquiring an additional 6,322 shares in the last quarter. Boston Partners boosted its stake in shares of Peapack-Gladstone Financial by 46.0% during the 4th quarter. Boston Partners now owns 803,065 shares of the financial services provider’s stock worth $20,221,000 after acquiring an additional 253,125 shares in the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Peapack-Gladstone Financial by 10.3% during the 3rd quarter. Prudential Financial Inc. now owns 92,539 shares of the financial services provider’s stock worth $2,858,000 after acquiring an additional 8,640 shares in the last quarter. 72.06% of the stock is owned by hedge funds and other institutional investors.
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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