Peapack-Gladstone Financial Co. (NASDAQ:PGC - Get Free Report) CEO Douglas L. Kennedy sold 20,000 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $28.91, for a total value of $578,200.00. Following the completion of the transaction, the chief executive officer now directly owns 43,703 shares in the company, valued at $1,263,453.73. The trade was a 31.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Peapack-Gladstone Financial Trading Down 3.0 %
Shares of PGC stock traded down $0.89 during trading hours on Friday, reaching $28.66. The company had a trading volume of 193,669 shares, compared to its average volume of 95,175. The company has a 50 day moving average of $31.84 and a 200 day moving average of $31.78. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $504.30 million, a price-to-earnings ratio of 15.49 and a beta of 1.00. Peapack-Gladstone Financial Co. has a 1-year low of $20.30 and a 1-year high of $37.88.
Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $0.52 earnings per share 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%. On average, equities research analysts anticipate that Peapack-Gladstone Financial Co. will post 2.71 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods upped their price objective on Peapack-Gladstone Financial from $38.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th.
Get Our Latest Analysis on PGC
Institutional Trading of Peapack-Gladstone Financial
A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Peapack-Gladstone Financial by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,549 shares of the financial services provider's stock valued at $306,000 after buying an additional 380 shares in the last quarter. Jane Street Group LLC increased its holdings in Peapack-Gladstone Financial by 1.6% during the 3rd quarter. Jane Street Group LLC now owns 23,998 shares of the financial services provider's stock worth $658,000 after purchasing an additional 387 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Peapack-Gladstone Financial by 1.6% in the 4th quarter. Victory Capital Management Inc. now owns 35,567 shares of the financial services provider's stock valued at $1,140,000 after acquiring an additional 567 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Peapack-Gladstone Financial by 1.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 57,485 shares of the financial services provider's stock valued at $1,842,000 after acquiring an additional 750 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Peapack-Gladstone Financial by 2.5% in the 4th quarter. Barclays PLC now owns 34,491 shares of the financial services provider's stock valued at $1,105,000 after acquiring an additional 835 shares in the last quarter. Institutional investors own 72.75% of the company's stock.
About Peapack-Gladstone Financial
(
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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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