Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Peapack-Gladstone Financial to post earnings of $0.45 per share and revenue of $60,480.00 billion for the quarter.
Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. Peapack-Gladstone Financial had a return on equity of 5.55% and a net margin of 8.12%. The business had revenue of $102.14 million for the quarter, compared to analysts' expectations of $58.24 million. On average, analysts expect Peapack-Gladstone Financial to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Peapack-Gladstone Financial Price Performance
Shares of NASDAQ:PGC traded down $0.65 during midday trading on Thursday, hitting $31.39. The company had a trading volume of 55,363 shares, compared to its average volume of 77,306. Peapack-Gladstone Financial has a twelve month low of $20.30 and a twelve month high of $37.88. The stock has a market cap of $551.84 million, a price-to-earnings ratio of 17.34 and a beta of 1.00. 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 business's 50-day simple moving average is $34.30 and its 200-day simple moving average is $29.81.
Insider Buying and Selling
In other Peapack-Gladstone Financial news, EVP John P. Babcock sold 3,000 shares of the business's stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $32.29, for a total value of $96,870.00. Following the sale, the executive vice president now owns 49,155 shares of the company's stock, valued at $1,587,214.95. The trade was a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.18% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Peapack-Gladstone Financial from $38.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Piper Sandler raised shares of Peapack-Gladstone Financial from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $30.00 to $35.00 in a research note on Wednesday, October 23rd.
Get Our Latest Stock Analysis on Peapack-Gladstone Financial
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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