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NASDAQ:PGC

Peapack-Gladstone Financial Stock Forecast, Price & News

$16.46
-0.17 (-1.02 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$16.30
Now: $16.46
$16.87
50-Day Range
$16.02
MA: $16.89
$18.35
52-Week Range
$11.15
Now: $16.46
$31.72
Volume173,591 shs
Average Volume73,576 shs
Market Capitalization$311.18 million
P/E Ratio9.30
Dividend Yield1.20%
Beta1.13
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 Private Wealth Management. 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 asset 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 operates automated teller machines at 24 locations; and 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. Peapack-Gladstone Financial Corporation was founded in 1921 and is based in Bedminster, New Jersey.
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Peapack-Gladstone Financial logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.3Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.32 out of 5 stars


Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:PGC
CUSIP70469910
Phone908-234-0700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$235.37 million
Cash Flow$3.18 per share
Book Value$26.44 per share

Profitability

Net Income$47.43 million

Miscellaneous

Employees409
Market Cap$311.18 million
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$16.46
-0.17 (-1.02 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Peapack-Gladstone Financial (NASDAQ:PGC) Frequently Asked Questions

How has Peapack-Gladstone Financial's stock been impacted by COVID-19?

Peapack-Gladstone Financial's stock was trading at $22.81 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PGC shares have decreased by 27.8% and is now trading at $16.46.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Peapack-Gladstone Financial?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Peapack-Gladstone Financial in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Peapack-Gladstone Financial
.

When is Peapack-Gladstone Financial's next earnings date?

Peapack-Gladstone Financial is scheduled to release its next quarterly earnings announcement on Friday, October 23rd 2020.
View our earnings forecast for Peapack-Gladstone Financial
.

How were Peapack-Gladstone Financial's earnings last quarter?

Peapack-Gladstone Financial Co. (NASDAQ:PGC) announced its earnings results on Wednesday, July, 29th. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.10. The financial services provider had revenue of $44.60 million for the quarter, compared to analyst estimates of $46.22 million. Peapack-Gladstone Financial had a net margin of 14.46% and a return on equity of 6.80%.
View Peapack-Gladstone Financial's earnings history
.

How often does Peapack-Gladstone Financial pay dividends? What is the dividend yield for Peapack-Gladstone Financial?

Peapack-Gladstone Financial declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.05 per share on Tuesday, August 25th. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Monday, August 10th.
View Peapack-Gladstone Financial's dividend history
.

What price target have analysts set for PGC?

3 brokers have issued 12-month target prices for Peapack-Gladstone Financial's shares. Their forecasts range from $33.50 to $33.50. On average, they anticipate Peapack-Gladstone Financial's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 103.5% from the stock's current price.
View analysts' price targets for Peapack-Gladstone Financial
.

Are investors shorting Peapack-Gladstone Financial?

Peapack-Gladstone Financial saw a drop in short interest in August. As of August 31st, there was short interest totaling 207,300 shares, a drop of 13.4% from the August 15th total of 239,500 shares. Based on an average daily trading volume, of 59,600 shares, the short-interest ratio is presently 3.5 days. Approximately 1.1% of the company's shares are sold short.
View Peapack-Gladstone Financial's Short Interest
.

Who are some of Peapack-Gladstone Financial's key competitors?

What other stocks do shareholders of Peapack-Gladstone Financial own?

Who are Peapack-Gladstone Financial's key executives?

Peapack-Gladstone Financial's management team includes the following people:
  • Mr. Douglas L. Kennedy, Pres, CEO & Director (Age 62)
  • Mr. Jeffrey J. Carfora, Sr. EVP & CFO (Age 60)
  • Mr. Robert A. Plante, Exec. VP & COO (Age 59)
  • Mr. John P. Babcock, Sr. EVP & Pres of Peapack Private Wealth Mgmt (Age 61)
  • Ms. Lisa P. Chalkan, Exec. VP & Chief Credit Officer (Age 54)

What is Peapack-Gladstone Financial's stock symbol?

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

Who are Peapack-Gladstone Financial's major shareholders?

Peapack-Gladstone Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Banc Funds Co. LLC (4.69%), Federated Hermes Inc. (0.93%), Nuveen Asset Management LLC (0.90%), EJF Capital LLC (0.78%), Salzhauer Michael (0.75%) and Siena Capital Partners GP LLC (0.68%). Company insiders that own Peapack-Gladstone Financial stock include Douglas L Kennedy, Eric H Waser, F Duffield Meyercord, Gregory Martin Smith, Jeffrey J Carfora, John P Babcock, Richard Debel, Robert A Plante and Vincent A Spero.
View institutional ownership trends for Peapack-Gladstone Financial
.

Which major investors are selling Peapack-Gladstone Financial stock?

PGC stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Banc Funds Co. LLC, Mackay Shields LLC, Siena Capital Partners GP LLC, Federated Hermes Inc., AQR Capital Management LLC, Engineers Gate Manager LP, and Bank of New York Mellon Corp. Company insiders that have sold Peapack-Gladstone Financial company stock in the last year include Eric H Waser, and Gregory Martin Smith.
View insider buying and selling activity for Peapack-Gladstone Financial
.

Which major investors are buying Peapack-Gladstone Financial stock?

PGC stock was bought by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Equity Management, Goldman Sachs Group Inc., Neuberger Berman Group LLC, Salzhauer Michael, Gamco Investors INC. ET AL, Russell Investments Group Ltd., Cannell Peter B & Co. Inc., and WINTON GROUP Ltd. Company insiders that have bought Peapack-Gladstone Financial stock in the last two years include Douglas L Kennedy, F Duffield Meyercord, Jeffrey J Carfora, Richard Debel, and Robert A Plante.
View insider buying and selling activity for Peapack-Gladstone Financial
.

How do I buy shares of Peapack-Gladstone Financial?

Shares of PGC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Peapack-Gladstone Financial's stock price today?

One share of PGC stock can currently be purchased for approximately $16.46.

How big of a company is Peapack-Gladstone Financial?

Peapack-Gladstone Financial has a market capitalization of $311.18 million and generates $235.37 million in revenue each year. The financial services provider earns $47.43 million in net income (profit) each year or $2.44 on an earnings per share basis. Peapack-Gladstone Financial employs 409 workers across the globe.

What is Peapack-Gladstone Financial's official website?

The official website for Peapack-Gladstone Financial is www.pgbank.com.

How can I contact Peapack-Gladstone Financial?

Peapack-Gladstone Financial's mailing address is 500 HILLS DRIVE, BEDMINSTER NJ, 07921. The financial services provider can be reached via phone at 908-234-0700 or via email at [email protected]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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