Media coverage about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peapack-Gladstone Financial Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.9646758358476 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
PGC has been the topic of several recent research reports. BidaskClub raised Peapack-Gladstone Financial Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Keefe, Bruyette & Woods initiated coverage on Peapack-Gladstone Financial Corporation in a report on Monday, July 17th. They set an “outperform” rating and a $38.00 target price on the stock. Finally, ValuEngine raised Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.00.
Shares of Peapack-Gladstone Financial Corporation (PGC) traded up 0.53% on Tuesday, reaching $30.58. The company’s stock had a trading volume of 7,881 shares. The stock has a 50 day moving average of $30.76 and a 200-day moving average of $30.82. Peapack-Gladstone Financial Corporation has a 12 month low of $20.29 and a 12 month high of $33.68. The firm has a market cap of $532.18 million, a price-to-earnings ratio of 17.29 and a beta of 1.05.
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last released its quarterly earnings results on Friday, July 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. Peapack-Gladstone Financial Corporation had a net margin of 19.54% and a return on equity of 9.12%. The company had revenue of $35.14 million during the quarter. On average, analysts anticipate that Peapack-Gladstone Financial Corporation will post $1.84 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date was Monday, August 7th. Peapack-Gladstone Financial Corporation’s payout ratio is currently 11.30%.
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About Peapack-Gladstone Financial Corporation
Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Company operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services, and customer support sales.
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