Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) released its earnings results on Tuesday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42, Zacks reports. Peapack-Gladstone Financial had a return on equity of 5.94% and a net margin of 8.50%. The company had revenue of $100.79 million during the quarter, compared to analyst estimates of $56.80 million.
Peapack-Gladstone Financial Stock Up 4.2 %
Shares of PGC stock traded up $1.14 on Thursday, hitting $28.32. The company’s stock had a trading volume of 29,191 shares, compared to its average volume of 101,334. The stock has a market capitalization of $503.25 million, a price-to-earnings ratio of 12.47 and a beta of 0.99. Peapack-Gladstone Financial has a fifty-two week low of $20.30 and a fifty-two week high of $31.49. The firm’s fifty day moving average price is $22.72 and its 200-day moving average price is $23.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.99 and a quick ratio of 0.99.
Peapack-Gladstone Financial Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, August 8th. Peapack-Gladstone Financial’s dividend payout ratio is 9.17%.
Insiders Place Their Bets
Analysts Set New Price Targets
A number of research firms have recently issued reports on PGC. Piper Sandler lowered shares of Peapack-Gladstone Financial from an “overweight” rating to a “neutral” rating in a research report on Wednesday, April 24th. Keefe, Bruyette & Woods dropped their price target on shares of Peapack-Gladstone Financial from $29.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 9th.
Check Out Our Latest Stock Analysis on Peapack-Gladstone Financial
Peapack-Gladstone Financial Company Profile
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 Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.
Featured Stories
- Five stocks we like better than Peapack-Gladstone Financial
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Dividend Capture Strategy: What You Need to Know
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for Peapack-Gladstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peapack-Gladstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.