Peapack-Gladstone Financial Co. (NASDAQ:PGC) EVP John P. Babcock sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $28.30, for a total value of $56,600.00. Following the completion of the transaction, the executive vice president now owns 45,620 shares of the company’s stock, valued at approximately $1,291,046. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Peapack-Gladstone Financial stock opened at $28.59 on Friday. The stock has a market cap of $546.83 million, a PE ratio of 12.38, a P/E/G ratio of 2.31 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.05. The firm’s 50 day simple moving average is $27.97. Peapack-Gladstone Financial Co. has a 52 week low of $23.96 and a 52 week high of $35.19.
Peapack-Gladstone Financial (NASDAQ:PGC) last released its earnings results on Friday, April 26th. The financial services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $41.74 million during the quarter, compared to analysts’ expectations of $41.58 million. Peapack-Gladstone Financial had a return on equity of 9.73% and a net margin of 21.04%. Equities analysts forecast that Peapack-Gladstone Financial Co. will post 2.35 EPS for the current year.
A number of research firms have weighed in on PGC. Zacks Investment Research cut GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 2nd. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Peapack-Gladstone Financial presently has a consensus rating of “Hold” and a consensus price target of $36.50.
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 Private Wealth Management. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.
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