Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) released its quarterly earnings results on Tuesday. The financial services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06, Yahoo Finance reports. Peapack-Gladstone Financial had a net margin of 8.12% and a return on equity of 5.60%. The company had revenue of $102.14 million for the quarter, compared to analyst estimates of $58.24 million.
Peapack-Gladstone Financial Price Performance
Shares of Peapack-Gladstone Financial stock opened at $31.75 on Friday. The stock has a market capitalization of $561.34 million, a P/E ratio of 17.54 and a beta of 0.99. The business has a 50 day simple moving average of $27.67 and a two-hundred day simple moving average of $24.98. Peapack-Gladstone Financial has a 12 month low of $20.30 and a 12 month high of $32.22. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98.
Peapack-Gladstone Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.63%. The ex-dividend date is Thursday, November 7th. Peapack-Gladstone Financial’s payout ratio is 11.05%.
Insider Transactions at Peapack-Gladstone Financial
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the company. Piper Sandler upgraded Peapack-Gladstone Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $30.00 to $35.00 in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $32.00 target price (up from $28.00) on shares of Peapack-Gladstone Financial in a research note on Monday, July 29th.
Get Our Latest Stock Analysis on PGC
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.
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