Peapack-Gladstone Financial Co. (NASDAQ:PGC) Shares Bought by Boston Partners

Boston Partners grew its stake in shares of Peapack-Gladstone Financial Co. (NASDAQ:PGC - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 781,826 shares of the financial services provider's stock after buying an additional 17,220 shares during the period. Boston Partners owned 4.45% of Peapack-Gladstone Financial worth $25,046,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Albion Financial Group UT bought a new stake in Peapack-Gladstone Financial during the 4th quarter worth approximately $35,000. Point72 Asset Management L.P. lifted its stake in shares of Peapack-Gladstone Financial by 157.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,400 shares of the financial services provider's stock valued at $66,000 after buying an additional 1,468 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Peapack-Gladstone Financial in the 3rd quarter worth $211,000. Delta Financial Group Inc. bought a new stake in Peapack-Gladstone Financial during the fourth quarter valued at about $353,000. Finally, AlphaQuest LLC boosted its stake in shares of Peapack-Gladstone Financial by 172.4% in the fourth quarter. AlphaQuest LLC now owns 15,990 shares of the financial services provider's stock worth $512,000 after acquiring an additional 10,119 shares during the period. 72.75% of the stock is currently owned by institutional investors.

Peapack-Gladstone Financial Trading Up 3.2 %

PGC traded up $0.92 during trading on Monday, reaching $29.58. The company had a trading volume of 75,869 shares, compared to its average volume of 95,098. 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 has a market cap of $520.49 million, a P/E ratio of 15.99 and a beta of 1.00. Peapack-Gladstone Financial Co. has a 52 week low of $20.30 and a 52 week high of $37.88. The business has a 50 day simple moving average of $31.84 and a 200-day simple moving average of $31.81.

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their price target on shares of Peapack-Gladstone Financial from $38.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th.

Insider Buying and Selling at Peapack-Gladstone Financial

In other news, EVP Gregory Martin Smith sold 17,633 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $31.95, for a total transaction of $563,374.35. Following the transaction, the executive vice president now directly owns 297 shares of the company's stock, valued at approximately $9,489.15. This represents a 98.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas L. Kennedy sold 20,000 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $28.91, for a total value of $578,200.00. Following the transaction, the chief executive officer now directly owns 43,703 shares in the company, valued at $1,263,453.73. This represents a 31.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,633 shares of company stock valued at $1,573,124. Company 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.