Peapack-Gladstone Financial Corp. (NASDAQ:PGC) EVP Vincent A. Spero sold 3,000 shares of Peapack-Gladstone Financial Corp. stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $26.28, for a total transaction of $78,840.00. Following the transaction, the executive vice president now directly owns 59,290 shares of the company’s stock, valued at $1,558,141.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Peapack-Gladstone Financial Corp. (NASDAQ:PGC) traded down 0.08% during mid-day trading on Wednesday, hitting $26.46. 68,623 shares of the stock were exchanged. The company has a 50-day moving average price of $23.08 and a 200-day moving average price of $20.60. The stock has a market cap of $435.58 million, a price-to-earnings ratio of 18.31 and a beta of 0.87. Peapack-Gladstone Financial Corp. has a 12 month low of $16.17 and a 12 month high of $27.83.

Peapack-Gladstone Financial Corp. (NASDAQ:PGC) last posted its quarterly earnings data on Friday, October 28th. The financial services provider reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Peapack-Gladstone Financial Corp. had a return on equity of 8.63% and a net margin of 16.69%. The firm earned $31.80 million during the quarter. Equities analysts expect that Peapack-Gladstone Financial Corp. will post $1.60 earnings per share for the current year.

Insider Buying and Selling by Quarter for Peapack-Gladstone Financial Corp. (NASDAQ:PGC)

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date is Tuesday, November 8th. Peapack-Gladstone Financial Corp.’s dividend payout ratio is currently 13.79%.

Separately, Sandler O’Neill raised shares of Peapack-Gladstone Financial Corp. from a “hold” rating to a “buy” rating and boosted their target price for the company from $23.00 to $25.00 in a research note on Monday, November 7th.

TRADEMARK VIOLATION WARNING: “Peapack-Gladstone Financial Corp. (PGC) EVP Vincent A. Spero Sells 3,000 Shares” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2016/11/23/peapack-gladstone-financial-corp-pgc-evp-vincent-a-spero-sells-3000-shares.html.

About Peapack-Gladstone Financial Corp.

Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Bank provides private banking services to businesses, non-profits and consumers through its private banking locations in Bedminster, Morristown, Princeton and Teaneck, New Jersey; wealth management division, and branch network in Somerset, Morris, Hunterdon, Middlesex and Union counties.

5 Day Chart for NASDAQ:PGC

Receive News & Stock Ratings for Peapack-Gladstone Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peapack-Gladstone Financial Corp. and related stocks with our FREE daily email newsletter.