Peapack-Gladstone Financial (PGC) Expected to Announce Earnings on Tuesday

Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect Peapack-Gladstone Financial to post earnings of $0.61 per share and revenue of $69.77 million for the quarter.

Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.08). Peapack-Gladstone Financial had a net margin of 7.71% and a return on equity of 5.27%. The firm had revenue of $64.36 million during the quarter, compared to analyst estimates of $64.07 million. On average, analysts expect Peapack-Gladstone Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Peapack-Gladstone Financial Price Performance

NASDAQ PGC traded down $1.04 during mid-day trading on Tuesday, hitting $29.21. The stock had a trading volume of 79,271 shares, compared to its average volume of 90,735. The firm's 50 day moving average is $28.27 and its 200 day moving average is $29.45. Peapack-Gladstone Financial has a twelve month low of $23.96 and a twelve month high of $37.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.95 and a quick ratio of 0.94. The stock has a market capitalization of $518.19 million, a price-to-earnings ratio of 16.23 and a beta of 0.86.

Analysts Set New Price Targets

Several research firms recently commented on PGC. Raymond James Financial began coverage on Peapack-Gladstone Financial in a research note on Friday, April 11th. They issued a "strong-buy" rating and a $39.00 price objective for the company. Keefe, Bruyette & Woods reduced their price objective on Peapack-Gladstone Financial from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Wall Street Zen raised Peapack-Gladstone Financial from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th.

Institutional Trading of Peapack-Gladstone Financial

A number of hedge funds and other institutional investors have recently modified their holdings of PGC. Royal Bank of Canada increased its position in shares of Peapack-Gladstone Financial by 40.4% during the 1st quarter. Royal Bank of Canada now owns 10,675 shares of the financial services provider's stock worth $302,000 after purchasing an additional 3,070 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Peapack-Gladstone Financial by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,939 shares of the financial services provider's stock worth $282,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC increased its position in shares of Peapack-Gladstone Financial by 8.5% during the 1st quarter. Empowered Funds LLC now owns 55,450 shares of the financial services provider's stock worth $1,575,000 after purchasing an additional 4,329 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Peapack-Gladstone Financial by 119.7% during the 1st quarter. Jane Street Group LLC now owns 52,173 shares of the financial services provider's stock worth $1,482,000 after purchasing an additional 28,428 shares during the last quarter. 72.75% of the stock is owned by institutional investors and hedge funds.

Peapack-Gladstone Financial Company Profile

Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.