American Century Companies Inc. Acquires 35,159 Shares of Peapack-Gladstone Financial Co. (NASDAQ:PGC)

American Century Companies Inc. increased its stake in Peapack-Gladstone Financial Co. (NASDAQ:PGC - Free Report) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 339,148 shares of the financial services provider's stock after purchasing an additional 35,159 shares during the quarter. American Century Companies Inc. owned 1.93% of Peapack-Gladstone Financial worth $10,870,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Jane Street Group LLC grew its position in Peapack-Gladstone Financial by 1.6% during the third quarter. Jane Street Group LLC now owns 23,998 shares of the financial services provider's stock valued at $658,000 after buying an additional 387 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Peapack-Gladstone Financial by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 35,567 shares of the financial services provider's stock worth $1,140,000 after acquiring an additional 567 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Peapack-Gladstone Financial by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 129,982 shares of the financial services provider's stock valued at $4,166,000 after acquiring an additional 895 shares during the period. Albion Financial Group UT purchased a new stake in shares of Peapack-Gladstone Financial in the 4th quarter worth $35,000. Finally, Point72 Asset Management L.P. raised its holdings in Peapack-Gladstone Financial by 157.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,400 shares of the financial services provider's stock worth $66,000 after purchasing an additional 1,468 shares during the period. Institutional investors own 72.75% of the company's stock.

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Peapack-Gladstone Financial Stock Performance

NASDAQ:PGC traded up $0.13 during mid-day trading on Monday, hitting $25.52. 206,229 shares of the company traded hands, compared to its average volume of 99,511. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is $31.02 and its 200-day moving average price is $31.90. The firm has a market cap of $449.05 million, a price-to-earnings ratio of 13.79 and a beta of 0.82. Peapack-Gladstone Financial Co. has a one year low of $20.30 and a one year high of $37.88.

Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. Peapack-Gladstone Financial had a return on equity of 5.57% and a net margin of 8.11%. Research analysts anticipate that Peapack-Gladstone Financial Co. will post 2.71 earnings per share for the current fiscal year.

Insider Transactions at Peapack-Gladstone Financial

In other Peapack-Gladstone Financial news, EVP John P. Babcock sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $28.76, for a total value of $287,600.00. Following the completion of the transaction, the executive vice president now directly owns 39,155 shares in the company, valued at $1,126,097.80. This represents a 20.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas L. Kennedy sold 5,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $28.79, for a total transaction of $143,950.00. Following the sale, the chief executive officer now directly owns 40,409 shares of the company's stock, valued at approximately $1,163,375.11. This trade represents a 11.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 57,633 shares of company stock valued at $1,716,024 over the last three months. Corporate insiders own 7.63% of the company's stock.

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.