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

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. The company also provides working capital lines of credit, term loans for fixed asset acquisitions, commercial mortgages, multi-family mortgages, and other forms of asset-based financing services; and residential mortgages, home equity lines of credit, and other second mortgage loans. In addition, it offers corporate and industrial (C&I) and equipment finance, commercial real estate, multifamily, residential, and consumer lending activities; treasury management services; C&I advisory services; escrow management; deposit generation; asset and investment management services; personal trust services, including services as executor, trustee, administrator, custodian, and guardian; and other financial planning, tax preparation, and advisory services. Further, the company provides telephone and Internet banking, merchant credit card, and customer support sales services. Its private banking clients include businesses, non-profits, and consumers; and wealth management clients comprise individuals, families, foundations, endowments, trusts, and estates. The company operates its private banking locations in Bedminster, Morristown, Princeton, and Teaneck, New Jersey; and wealth management branches in Somerset, Morris, Hunterdon, and Union counties, as well as operates automated teller machines at 20 locations. Peapack-Gladstone Financial Corporation was founded in 1921 and is headquartered in Bedminster, New Jersey.

Peapack-Gladstone Financial Stock Performance

Shares of PGC opened at $36.34 on Wednesday. Peapack-Gladstone Financial has a 12-month low of $27.71 and a 12-month high of $38.60. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.27. The firm has a market cap of $661.02 million, a PE ratio of 10.98 and a beta of 1.13. The company's 50 day simple moving average is $31.13 and its 200-day simple moving average is $33.46.

Peapack-Gladstone Financial (NASDAQ:PGC - Get Rating) last issued its quarterly earnings data on Friday, July 29th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.26. Peapack-Gladstone Financial had a return on equity of 11.73% and a net margin of 25.56%. The firm had revenue of $61.40 million during the quarter, compared to analysts' expectations of $59.40 million. As a group, equities analysts predict that Peapack-Gladstone Financial will post 3.8 EPS for the current year.

Peapack-Gladstone Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 25th. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Wednesday, August 10th. Peapack-Gladstone Financial's dividend payout ratio (DPR) is presently 6.04%.

Insider Activity

In other news, Director Peter D. Horst purchased 2,500 shares of the firm's stock in a transaction on Monday, May 23rd. The stock was purchased at an average cost of $31.49 per share, with a total value of $78,725.00. Following the purchase, the director now owns 10,848 shares in the company, valued at approximately $341,603.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Vincent A. Spero sold 3,113 shares of the company's stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $33.36, for a total transaction of $103,849.68. Following the completion of the sale, the executive vice president now directly owns 40,496 shares of the company's stock, valued at approximately $1,350,946.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Peter D. Horst acquired 2,500 shares of the stock in a transaction dated Monday, May 23rd. The stock was bought at an average price of $31.49 per share, for a total transaction of $78,725.00. Following the purchase, the director now owns 10,848 shares of the company's stock, valued at approximately $341,603.52. The disclosure for this purchase can be found here. Corporate insiders own 6.25% of the company's stock.