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

$18.83
-0.17 (-0.89 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$18.24
Now: $18.83
$19.33
50-Day Range
$14.86
MA: $17.40
$20.73
52-Week Range
$11.15
Now: $18.83
$31.72
Volume152,470 shs
Average Volume75,997 shs
Market Capitalization$354.95 million
P/E Ratio9.76
Dividend Yield1.06%
Beta1.18
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: 3.3Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.25 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$3.12 per share
Book Value$26.33 per share

Profitability

Net Income$47.43 million

Miscellaneous

Employees409
Market Cap$354.95 million
Next Earnings Date7/24/2020 (Estimated)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, PGC stock has decreased by 17.4% and is now trading at $18.83. 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, July 24th 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 Tuesday, May, 5th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by $0.47. The financial services provider had revenue of $46.26 million for the quarter, compared to analysts' expectations of $45.41 million. Peapack-Gladstone Financial had a net margin of 15.64% and a return on equity of 7.52%. 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, April 30th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.05 per share on Wednesday, May 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Monday, May 11th. View Peapack-Gladstone Financial's dividend history.

What price target have analysts set for PGC?

3 brokers have issued 12-month price targets for Peapack-Gladstone Financial's stock. 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 year. This suggests a possible upside of 77.9% from the stock's current price. View analysts' price targets for Peapack-Gladstone Financial.

Has Peapack-Gladstone Financial been receiving favorable news coverage?

News coverage about PGC stock has been trending neutral recently, according to InfoTrie. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 0.2 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutPeapack-Gladstone Financial.

Are investors shorting Peapack-Gladstone Financial?

Peapack-Gladstone Financial saw a drop in short interest in May. As of May 15th, there was short interest totaling 138,800 shares, a drop of 45.8% from the April 30th total of 256,000 shares. Based on an average trading volume of 92,600 shares, the short-interest ratio is currently 1.5 days. Currently, 0.8% of the shares of the company are sold short. 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.10%), Banc Funds Co. LLC (4.93%), Peapack Gladstone Financial Corp (4.81%), State Street Corp (2.18%), Philadelphia Trust Co. (1.84%) and Geode Capital Management LLC (1.47%). Company insiders that own Peapack-Gladstone Financial stock include Douglas L Kennedy, Eric H Waser, F Duffield Meyercord, 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 major investors are selling Peapack-Gladstone Financial stock?

PGC stock was sold by a variety of institutional investors in the last quarter, including Banc Funds Co. LLC, Philadelphia Trust Co., Morgan Stanley, Salzhauer Michael, GW&K Investment Management LLC, Two Sigma Investments LP, EJF Capital LLC, and State Street Corp. Company insiders that have sold Peapack-Gladstone Financial company stock in the last year include Eric H Waser, John P Babcock, and Vincent A Spero. 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 Fuller & Thaler Asset Management Inc., Seidman Lawrence B, Ziegler Capital Management LLC, Cornercap Investment Counsel Inc., Nuveen Asset Management LLC, Acadian Asset Management LLC, Peapack Gladstone Financial Corp, and Federated Hermes Inc.. 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 $18.83.

How big of a company is Peapack-Gladstone Financial?

Peapack-Gladstone Financial has a market capitalization of $354.95 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 5/31/2020 by MarketBeat.com Staff

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