Peapack-Gladstone Financial Corporation (PGC) To Go Ex-Dividend on February 12th

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced a quarterly dividend on Thursday, December 18th. Shareholders of record on Thursday, February 12th will be paid a dividend of 0.05 per share by the financial services provider on Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, February 12th.

Peapack-Gladstone Financial has a dividend payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Peapack-Gladstone Financial to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.0%.

Peapack-Gladstone Financial Stock Down 1.4%

PGC stock traded down $0.49 during trading on Tuesday, hitting $35.02. 54,895 shares of the company’s stock were exchanged, compared to its average volume of 126,427. The stock has a market capitalization of $614.86 million, a price-to-earnings ratio of 18.05 and a beta of 0.73. Peapack-Gladstone Financial has a 52-week low of $23.96 and a 52-week high of $35.68. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $29.58 and a two-hundred day moving average price of $27.98.

Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.04. The business had revenue of $77.67 million during the quarter, compared to the consensus estimate of $73.69 million. Peapack-Gladstone Financial had a net margin of 7.91% and a return on equity of 5.51%. As a group, equities research analysts expect that Peapack-Gladstone Financial will post 2.71 EPS for the current year.

Peapack-Gladstone Financial Company Profile

Peapack-Gladstone Financial Corporation is the parent company of Peapack-Gladstone Bank, a New Jersey-chartered commercial bank headquartered in Bedminster, New Jersey, that trades on the NASDAQ under the symbol PGC. Through Peapack-Gladstone Bank, the company offers a broad range of deposit and lending solutions, including checking and savings accounts, residential and commercial real estate loans, lines of credit and treasury management services. Clients benefit from both in-branch relationship banking and an expanding suite of digital banking tools designed to support personal and business financial needs.

Complementing its core banking operations, Peapack-Gladstone Financial provides wealth management, trust and financial planning services through its subsidiary, Peapack-Gladstone Wealth Management.