Several analysts have recently updated their ratings and price targets for Peapack-Gladstone Financial (NASDAQ: PGC):

  • 2/5/2018 – Peapack-Gladstone Financial was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 2/5/2018 – Peapack-Gladstone Financial had its “buy” rating reaffirmed by analysts at Keefe, Bruyette & Woods.
  • 2/1/2018 – Peapack-Gladstone Financial had its “buy” rating reaffirmed by analysts at Hovde Group. They now have a $39.00 price target on the stock.
  • 1/26/2018 – Peapack-Gladstone Financial was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of Peapack-Gladstone Financial Corp (PGC) traded down $0.08 during trading on Tuesday, reaching $34.08. The company had a trading volume of 104,482 shares, compared to its average volume of 66,496. The stock has a market capitalization of $639.03, a price-to-earnings ratio of 16.79 and a beta of 0.96. Peapack-Gladstone Financial Corp has a 52 week low of $28.24 and a 52 week high of $38.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.26.

Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.47 earnings per share for the quarter. The company had revenue of $39.19 million during the quarter. Peapack-Gladstone Financial had a return on equity of 9.71% and a net margin of 21.05%.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $0.20 annualized dividend and a dividend yield of 0.59%. Peapack-Gladstone Financial’s dividend payout ratio is currently 9.85%.

In other news, Director James R. Lamb sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $35.30, for a total transaction of $35,300.00. Following the completion of the transaction, the director now directly 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 link. Over the last 90 days, insiders have sold 2,060 shares of company stock valued at $72,378. Company insiders own 5.89% of the company’s stock.

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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