Peapack-Gladstone Financial (PGC) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Peapack-Gladstone Financial in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PGC shares.
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1 equities research analysts have issued 1-year price objectives for Peapack-Gladstone Financial's shares. Their PGC share price targets range from $30.50 to $30.50. On average, they anticipate the company's stock price to reach $30.50 in the next twelve months. This suggests a possible upside of 27.9% from the stock's current price.
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Peapack-Gladstone Financial's stock was trading at $29.82 at the start of the year. Since then, PGC shares have decreased by 20.0% and is now trading at $23.85.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 23rd 2024.
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Peapack-Gladstone Financial Co. (NASDAQ:PGC) posted its earnings results on Thursday, January, 25th. The financial services provider reported $0.50 EPS for the quarter, missing analysts' consensus estimates of $0.56 by $0.06. The financial services provider had revenue of $54.27 million for the quarter, compared to analysts' expectations of $54.91 million. Peapack-Gladstone Financial had a net margin of 12.94% and a trailing twelve-month return on equity of 9.03%.

Peapack-Gladstone Financial announced a quarterly dividend on Tuesday, December 19th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.05 per share on Friday, February 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, February 7th.
Read our dividend analysis for PGC.

Peapack-Gladstone Financial (NASDAQ:PGC) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.87%. The dividend payout ratio is 7.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PGC will have a dividend payout ratio of 6.94% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGC.

First Trust Dow Jones Select Microcap Index Fund holds 43,011 shares of PGC stock, representing 0.76% of its portfolio.

13 employees have rated Peapack-Gladstone Financial Chief Executive Officer Douglas Kennedy on Glassdoor.com. Douglas Kennedy has an approval rating of 93% among the company's employees. This puts Douglas Kennedy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Peapack-Gladstone Financial investors own include Energy Transfer (ET), Alliance Resource Partners (ARLP), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), C3.ai (AI), Cornerstone Strategic Value Fund (CLM), Ford Motor (F) and Frontier Communications (FTR).

Peapack-Gladstone Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include Denali Advisors LLC (0.05%). Insiders that own company stock include Anthony W Spinelli, Carmen M Bowser, Douglas L Kennedy, Francesco S Rossi, Frank A Cavallaro, Gregory Martin Smith, John P Babcock, Peter D Horst, Robert A Plante, Steven A Kass, Stuart M Vorcheimer, Todd Poland and Vincent A Spero.
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Shares of PGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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