Peapack-Gladstone Financial (NASDAQ:PGC) Issues Quarterly Earnings Results

Peapack-Gladstone Financial (NASDAQ:PGC) issued its quarterly earnings results on Tuesday. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06, Yahoo Finance reports. Peapack-Gladstone Financial had a return on equity of 5.91% and a net margin of 8.50%.

Peapack-Gladstone Financial Trading Up 1.8 %

NASDAQ:PGC opened at $28.97 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. Peapack-Gladstone Financial has a 12 month low of $20.30 and a 12 month high of $30.78. The company’s 50 day moving average is $27.43 and its 200-day moving average is $24.89. The firm has a market cap of $512.19 million, a price-to-earnings ratio of 15.49 and a beta of 0.99.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $32.00 price target (up previously from $28.00) on shares of Peapack-Gladstone Financial in a research report on Monday, July 29th.

Insider Buying and Selling at Peapack-Gladstone Financial

In other news, EVP John P. Babcock sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $26.89, for a total transaction of $268,900.00. Following the transaction, the executive vice president now owns 52,155 shares in the company, valued at approximately $1,402,447.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 7.63% of the company’s stock.

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 Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.