Press coverage about Peapack-Gladstone Financial Corp (NASDAQ:PGC) has been trending positive this week, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Peapack-Gladstone Financial Corp earned a media sentiment score of 0.28 on Alpha One’s scale. Alpha One also gave media coverage about the financial services provider an impact score of 58 out of 100, indicating that recent press coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Separately, Hovde Group started coverage on shares of Peapack-Gladstone Financial Corp in a research note on Thursday, April 13th. They issued an “outperform” rating and a $33.00 price objective for the company.
Peapack-Gladstone Financial Corp (NASDAQ:PGC) traded down 0.84% during midday trading on Friday, hitting $29.65. 29,837 shares of the stock traded hands. The company’s 50 day moving average is $30.73 and its 200-day moving average is $29.80. Peapack-Gladstone Financial Corp has a one year low of $17.90 and a one year high of $33.68. The company has a market cap of $507.87 million, a P/E ratio of 17.25 and a beta of 0.98.
Peapack-Gladstone Financial Corp (NASDAQ:PGC) last issued its earnings results on Tuesday, April 25th. The financial services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $32.61 million for the quarter. Peapack-Gladstone Financial Corp had a net margin of 18.14% and a return on equity of 8.94%. On average, equities research analysts forecast that Peapack-Gladstone Financial Corp will post $1.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Investors of record on Friday, May 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Wednesday, May 3rd. Peapack-Gladstone Financial Corp’s dividend payout ratio is currently 12.50%.
In related news, Director Edward A. Gramigna, Jr. acquired 930 shares of the firm’s stock in a transaction that occurred on Wednesday, April 26th. The shares were purchased at an average price of $32.39 per share, with a total value of $30,122.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.42% of the stock is currently owned by insiders.
Peapack-Gladstone Financial Corp Company Profile
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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