BidaskClub upgraded shares of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) from a hold rating to a buy rating in a report published on Thursday morning.

Several other equities research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods started coverage on shares of Peapack-Gladstone Financial Corporation in a research report on Monday, July 17th. They set an outperform rating and a $38.00 price objective on the stock. ValuEngine upgraded shares of Peapack-Gladstone Financial Corporation from a hold rating to a buy rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $32.00.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) opened at 33.74 on Thursday. The firm has a 50-day moving average of $30.63 and a 200-day moving average of $30.81. Peapack-Gladstone Financial Corporation has a 1-year low of $20.83 and a 1-year high of $34.10. The stock has a market cap of $587.18 million, a PE ratio of 19.07 and a beta of 1.05.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last released its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $35.14 million for the quarter. Peapack-Gladstone Financial Corporation had a net margin of 19.54% and a return on equity of 9.12%. Analysts expect that Peapack-Gladstone Financial Corporation will post $1.84 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Watch List News and is the property of of Watch List News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/peapack-gladstone-financial-corporation-pgc-raised-to-buy-at-bidaskclub/1600713.html.

Several hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Peapack-Gladstone Financial Corporation by 1.5% in the second quarter. Wells Fargo & Company MN now owns 11,323 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 168 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of Peapack-Gladstone Financial Corporation by 3.0% in the second quarter. California Public Employees Retirement System now owns 34,765 shares of the financial services provider’s stock valued at $1,088,000 after purchasing an additional 1,000 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Peapack-Gladstone Financial Corporation by 8.4% in the second quarter. The Manufacturers Life Insurance Company now owns 13,840 shares of the financial services provider’s stock valued at $433,000 after purchasing an additional 1,076 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Peapack-Gladstone Financial Corporation by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 65,047 shares of the financial services provider’s stock valued at $2,035,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Peapack-Gladstone Financial Corporation by 10.4% in the second quarter. Rhumbline Advisers now owns 19,153 shares of the financial services provider’s stock valued at $599,000 after purchasing an additional 1,800 shares in the last quarter. 67.86% of the stock is owned by hedge funds and other institutional investors.

Peapack-Gladstone Financial Corporation 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.

Receive News & Ratings for Peapack-Gladstone Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peapack-Gladstone Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.