Peapack-Gladstone Financial Corporation (PGC) Earning Somewhat Positive Press Coverage, Study Finds
Press coverage about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Peapack-Gladstone Financial Corporation earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.0657441131854 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several equities research analysts recently issued reports on PGC shares. BidaskClub raised Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Keefe, Bruyette & Woods initiated coverage on Peapack-Gladstone Financial Corporation in a research note on Monday, July 17th. They issued an “outperform” rating and a $38.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.75.
Shares of Peapack-Gladstone Financial Corporation (PGC) traded down $0.24 during midday trading on Friday, hitting $31.71. The stock had a trading volume of 39,400 shares, compared to its average volume of 55,761. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $583.39, a price-to-earnings ratio of 16.82 and a beta of 1.02. Peapack-Gladstone Financial Corporation has a fifty-two week low of $23.22 and a fifty-two week high of $35.85.
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last released its earnings results on Friday, October 27th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.11. The firm had revenue of $38.82 million for the quarter. Peapack-Gladstone Financial Corporation had a return on equity of 9.54% and a net margin of 20.36%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 9th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.63%. Peapack-Gladstone Financial Corporation’s dividend payout ratio is currently 10.53%.
Peapack-Gladstone Financial Corporation Company Profile
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 Company operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services, and customer support sales.
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