Media headlines about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Peapack-Gladstone Financial Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 66 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
Peapack-Gladstone Financial Corporation (PGC) opened at 32.79 on Thursday. The firm has a market capitalization of $561.66 million, a P/E ratio of 19.08 and a beta of 1.03. Peapack-Gladstone Financial Corporation has a 12 month low of $19.58 and a 12 month high of $33.68. The stock’s 50 day moving average price is $31.32 and its 200 day moving average price is $30.92.
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. Peapack-Gladstone Financial Corporation had a net margin of 19.29% and a return on equity of 9.13%. The firm had revenue of $32.61 million for the quarter. On average, analysts forecast that Peapack-Gladstone Financial Corporation will post $1.80 earnings per share for the current year.
A number of brokerages have recently issued reports on PGC. ValuEngine raised Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Hovde Group started coverage on Peapack-Gladstone Financial Corporation in a report on Thursday, April 13th. They set an “outperform” rating and a $33.00 target price for the company. Finally, Keefe, Bruyette & Woods started coverage on Peapack-Gladstone Financial Corporation in a report on Monday. They set an “outperform” rating and a $38.00 target price for the company.
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In other Peapack-Gladstone Financial Corporation news, Director Edward A. Gramigna, Jr. bought 930 shares of the company’s stock in a transaction dated Wednesday, April 26th. The shares were purchased at an average price of $32.39 per share, for a total transaction of $30,122.70. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 5.89% of the stock is currently owned by insiders.
Peapack-Gladstone Financial Corporation Company Profile
Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Company operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services, and customer support sales.
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