Peapack-Gladstone Financial (NASDAQ:PGC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday.
Several other brokerages also recently issued reports on PGC. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Peapack-Gladstone Financial in a report on Monday, February 5th. Hovde Group reiterated a “buy” rating and set a $39.00 price target on shares of Peapack-Gladstone Financial in a report on Thursday, February 1st.
Peapack-Gladstone Financial (NASDAQ PGC) opened at $35.60 on Tuesday. Peapack-Gladstone Financial has a 1 year low of $28.24 and a 1 year high of $38.00. The company has a market cap of $674.50, a P/E ratio of 17.54 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.03 and a current ratio of 1.03.
Peapack-Gladstone Financial (NASDAQ:PGC) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.47 EPS for the quarter. Peapack-Gladstone Financial had a net margin of 21.05% and a return on equity of 9.42%. The business had revenue of $39.19 million during the quarter.
Several large investors have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Peapack-Gladstone Financial by 8.4% during the second quarter. The Manufacturers Life Insurance Company now owns 13,840 shares of the financial services provider’s stock worth $433,000 after buying an additional 1,076 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in shares of Peapack-Gladstone Financial by 3.1% in the fourth quarter. TIAA CREF Investment Management LLC now owns 71,461 shares of the financial services provider’s stock worth $2,503,000 after purchasing an additional 2,157 shares during the last quarter. KBC Group NV grew its stake in shares of Peapack-Gladstone Financial by 95.8% in the fourth quarter. KBC Group NV now owns 5,483 shares of the financial services provider’s stock worth $192,000 after purchasing an additional 2,683 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Peapack-Gladstone Financial by 8.6% in the third quarter. California Public Employees Retirement System now owns 37,746 shares of the financial services provider’s stock worth $1,274,000 after purchasing an additional 2,981 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Peapack-Gladstone Financial by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 312,332 shares of the financial services provider’s stock worth $10,938,000 after purchasing an additional 3,912 shares during the last quarter. Institutional investors own 69.40% of the company’s stock.
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About Peapack-Gladstone Financial
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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