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.
View PGC analyst ratings or view top-rated stocks.

1 brokers have issued 12-month price targets for Peapack-Gladstone Financial's stock. Their PGC share price forecasts range from $41.00 to $48.00. On average, they anticipate the company's stock price to reach $44.50 in the next year. This suggests a possible upside of 46.8% 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 at the beginning of 2023. Since then, PGC shares have decreased by 18.6% and is now trading at $30.31.
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The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023.
View our PGC earnings forecast.

Peapack-Gladstone Financial Co. (NASDAQ:PGC) released its quarterly earnings data on Thursday, January, 26th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.11 by $0.01. The financial services provider had revenue of $64.85 million for the quarter, compared to analysts' expectations of $63.32 million. Peapack-Gladstone Financial had a net margin of 26.68% and a trailing twelve-month return on equity of 14.19%.

Peapack-Gladstone Financial announced a quarterly dividend on Thursday, January 26th. Shareholders of record on Thursday, February 9th will be paid a dividend of $0.05 per share on Thursday, February 23rd. This represents a $0.20 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, February 8th.
Read our dividend analysis for PGC.

ETFs with the largest weight of Peapack-Gladstone Financial (NASDAQ:PGC) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares US Small Cap Value Factor ETF (SVAL), First Trust NASDAQ ABA Community Bank Index Fund (QABA), IQ Chaikin U.S. Small Cap ETF (CSML), iShares Micro-Cap ETF (IWC) and SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST).

Peapack-Gladstone Financial (NASDAQ:PGC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 5.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGC will have a dividend payout ratio of 4.42% 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 many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.32%), Banc Funds Co. LLC (4.08%), Boston Partners (3.97%), Brown Advisory Inc. (3.06%), JPMorgan Chase & Co. (2.01%) and Philadelphia Trust Co. (2.01%). Insiders that own company stock include 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 $30.31.

Peapack-Gladstone Financial (NASDAQ:PGC) has a market capitalization of $540.31 million and generates $242.50 million in revenue each year. The financial services provider earns $74.25 million in net income (profit) each year or $4.00 on an earnings per share basis.

The company employs 497 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.