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NASDAQ:PGCPeapack-Gladstone Financial Stock Price, Forecast & News

$17.23
+0.88 (+5.38 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$16.27
Now: $17.23
$17.23
50-Day Range
$16.02
MA: $17.29
$18.73
52-Week Range
$11.15
Now: $17.23
$31.72
Volume4,585 shs
Average Volume53,152 shs
Market Capitalization$324.79 million
P/E Ratio9.73
Dividend Yield1.22%
Beta1.11
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$3.28 per share
Book Value$26.44 per share

Profitability

Net Income$47.43 million

Miscellaneous

Employees409
Market Cap$324.79 million
Next Earnings Date10/23/2020 (Estimated)
OptionableOptionable
$17.23
+0.88 (+5.38 %)
(As of 08/7/2020 04:00 PM 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 (Coronavirus)?

Peapack-Gladstone Financial's stock was trading at $22.81 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PGC shares have decreased by 24.5% and is now trading at $17.23.
View which stocks have been most impacted by Coronavirus
.

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 quarterly earnings data on Wednesday, July, 29th. The financial services provider reported $0.43 EPS for the quarter, beating the Zacks' consensus estimate of $0.33 by $0.10. The financial services provider earned $44.60 million during 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 6.84%.
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 announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, August 11th will be paid a dividend of $0.05 per share on Tuesday, August 25th. This represents a $0.20 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Monday, August 10th.
View Peapack-Gladstone Financial's dividend history
.

What price target have analysts set for PGC?

3 analysts have issued 1 year price objectives for Peapack-Gladstone Financial's shares. Their forecasts range from $33.50 to $33.50. On average, they expect Peapack-Gladstone Financial's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 94.4% from the stock's current price.
View analysts' price targets for Peapack-Gladstone Financial
.

Has Peapack-Gladstone Financial been receiving favorable news coverage?

Media stories about PGC stock have been trending very positive this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Peapack-Gladstone Financial earned a news sentiment score of 4.0 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Peapack-Gladstone Financial
.

Are investors shorting Peapack-Gladstone Financial?

Peapack-Gladstone Financial saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 268,500 shares, an increase of 11.8% from the July 15th total of 240,100 shares. Based on an average trading volume of 75,300 shares, the days-to-cover ratio is currently 3.6 days. Approximately 1.5% of the shares of the company are short sold.
View Peapack-Gladstone Financial's Current Options Chain
.

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 a number of institutional and retail investors. Top institutional investors include Salzhauer Michael (0.75%), Mesirow Financial Investment Management Equity Management (0.58%), WINTON GROUP Ltd (0.34%), Mackay Shields LLC (0.27%), Russell Investments Group Ltd. (0.25%) and Swiss National Bank (0.21%). 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, Steven A Kass and Vincent A Spero.
View institutional ownership trends for Peapack-Gladstone Financial
.

Which institutional investors are selling Peapack-Gladstone Financial stock?

PGC stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, and UBS Group AG. Company insiders that have sold Peapack-Gladstone Financial company stock in the last year include Eric H Waser, Gregory Martin Smith, and John P Babcock.
View insider buying and selling activity for Peapack-Gladstone Financial
.

Which institutional 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, Salzhauer Michael, Russell Investments Group Ltd., Cannell Peter B & Co. Inc., WINTON GROUP Ltd, Trexquant Investment LP, Janney Montgomery Scott LLC, and Swiss National Bank. 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, Robert A Plante, and Steven A Kass.
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 $17.23.

How big of a company is Peapack-Gladstone Financial?

Peapack-Gladstone Financial has a market capitalization of $324.79 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 8/8/2020 by MarketBeat.com Staff

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