Peapack-Gladstone Financial (PGC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peapack-Gladstone Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PGC shares.
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1 Wall Street analysts have issued 12-month target prices for Peapack-Gladstone Financial's shares. Their PGC share price forecasts range from $41.00 to $48.00. On average, they anticipate the company's stock price to reach $44.00 in the next year. This suggests a possible upside of 71.3% from the stock's current price.
View analysts price targets for PGC or view top-rated stocks among Wall Street analysts.

Peapack-Gladstone Financial's stock was trading at $37.22 on January 1st, 2023. Since then, PGC shares have decreased by 31.0% and is now trading at $25.68.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our PGC earnings forecast.

Peapack-Gladstone Financial Co. (NASDAQ:PGC) posted its quarterly earnings results on Tuesday, July, 25th. The financial services provider reported $0.81 EPS for the quarter, missing the consensus estimate of $0.90 by $0.09. The financial services provider had revenue of $57.50 million for the quarter, compared to analysts' expectations of $60.17 million. Peapack-Gladstone Financial had a trailing twelve-month return on equity of 13.61% and a net margin of 21.59%.

Peapack-Gladstone Financial declared a quarterly dividend on Thursday, June 22nd. Shareholders of record on Thursday, August 10th will be given a dividend of $0.05 per share on Thursday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, August 9th.
Read our dividend analysis for PGC.

First Trust Dow Jones Select Microcap Index Fund holds 43,011 shares of PGC stock, representing 0.76% of its portfolio.

Peapack-Gladstone Financial (NASDAQ:PGC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.78%. The dividend payout ratio is 5.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGC will have a dividend payout ratio of 6.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGC.

13 employees have rated Peapack-Gladstone Financial Chief Executive Officer Douglas Kennedy on Glassdoor.com. Douglas Kennedy has an approval rating of 93% among the company's employees. This puts Douglas Kennedy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Peapack-Gladstone Financial investors own include Energy Transfer (ET), Alliance Resource Partners (ARLP), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), C3.ai (AI), Cornerstone Strategic Value Fund (CLM), Ford Motor (F) and Frontier Communications (FTR).

Peapack-Gladstone Financial trades on the NASDAQ under the ticker symbol "PGC."

Peapack-Gladstone Financial's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.98%), Dimensional Fund Advisors LP (7.02%), Boston Partners (4.53%), Brown Advisory Inc. (2.84%), State Street Corp (2.63%) and Strategic Value Bank Partners LLC (2.09%). Insiders that own company stock include Anthony W Spinelli, Carmen M Bowser, Douglas L Kennedy, F Duffield Meyercord, Francesco S Rossi, Frank A Cavallaro, Gregory Martin Smith, Jeffrey J Carfora, John P Babcock, Peter D Horst, Robert A Plante, Steven A Kass, Stuart M Vorcheimer, Timothy E Doyle, Todd Poland and Vincent A Spero.
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Shares of PGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PGC stock can currently be purchased for approximately $25.68.

Peapack-Gladstone Financial (NASDAQ:PGC) has a market capitalization of $459.42 million and generates $278.29 million in revenue each year. The financial services provider earns $74.25 million in net income (profit) each year or $3.95 on an earnings per share basis.

The company employs 520 workers across the globe.

Peapack-Gladstone Financial's mailing address is 500 HILLS DRIVE, BEDMINSTER NJ, 07921. The official website for the company is www.pgbank.com. The financial services provider can be reached via phone at (908) 234-0700, via email at jcarfora@pgbank.com, or via fax at 908-234-0795.