Peapack-Gladstone Financial (NASDAQ:PGC - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.54 per share and revenue of $64.07 million for the quarter.
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 for the quarter, topping 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, analysts expect Peapack-Gladstone Financial to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Peapack-Gladstone Financial Trading Up 1.0 %
NASDAQ:PGC traded up $0.27 during trading hours on Friday, hitting $26.09. The company had a trading volume of 78,842 shares, compared to its average volume of 102,031. Peapack-Gladstone Financial has a 1 year low of $20.30 and a 1 year high of $37.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $29.38 and a 200 day moving average of $31.72. The company has a market cap of $459.08 million, a P/E ratio of 14.10 and a beta of 0.82.
Insider Activity
In related news, EVP Gregory Martin Smith sold 17,633 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $31.95, for a total transaction of $563,374.35. Following the completion of the transaction, the executive vice president now owns 297 shares of the company's stock, valued at approximately $9,489.15. This trade represents a 98.34 % decrease in their position. The transaction 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 business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $28.91, for a total value of $578,200.00. Following the completion of the sale, the chief executive officer now directly owns 43,703 shares in the company, valued at approximately $1,263,453.73. The trade was a 31.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 57,633 shares of company stock valued at $1,716,024 in the last quarter. Insiders own 7.63% of the company's stock.
Wall Street Analyst Weigh In
Separately, Raymond James began coverage on shares of Peapack-Gladstone Financial in a report on Friday, April 11th. They issued a "strong-buy" rating and a $39.00 target price on the stock.
Check Out Our Latest Analysis on PGC
About Peapack-Gladstone Financial
(
Get Free Report)
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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