Peapack-Gladstone Financial (PGC) Getting Somewhat Favorable Press Coverage, Analysis Shows
News coverage about Peapack-Gladstone Financial (NASDAQ:PGC) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Peapack-Gladstone Financial earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.965686198741 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- Peapack-Gladstone Financial Corp (PGC) Director James R. Lamb Sells 1,000 Shares (americanbankingnews.com)
- Peapack-Gladstone Financial (PGC) versus The Competition Critical Survey (americanbankingnews.com)
- BRIEF-Peapack-Gladstone Financial Corp Announces Pricing Of Its $35 Mln Subordinated Debt Offering (fixedincome.fidelity.com)
- BRIEF-Peapack-Gladstone Financial Corp Announces Pricing Of Its $35 Mln Subordinated Debt Offering (PGC) (markets.businessinsider.com)
- Can Peapack-Gladstone Financial Corporation’s (PGC) ROE Continue To Surpass The Industry Average? (finance.yahoo.com)
Shares of Peapack-Gladstone Financial (NASDAQ:PGC) traded down $0.36 during trading on Friday, hitting $34.93. The stock had a trading volume of 89,800 shares, compared to its average volume of 58,065. The stock has a market capitalization of $644.38, a price-to-earnings ratio of 18.57 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. Peapack-Gladstone Financial has a 52-week low of $28.24 and a 52-week high of $37.30.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, November 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. Peapack-Gladstone Financial’s payout ratio is 10.53%.
PGC has been the subject of a number of research analyst reports. BidaskClub lowered Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research report on Friday, September 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.50 price objective on shares of Peapack-Gladstone Financial in a research report on Thursday, October 26th. Finally, ValuEngine lowered Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $35.75.
In related news, Director James R. Lamb sold 1,000 shares of Peapack-Gladstone Financial stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $35.30, for a total value of $35,300.00. Following the completion of the transaction, the director now owns 21,756 shares in the company, valued at $767,986.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.89% of the company’s stock.
About Peapack-Gladstone Financial
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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