Peapack-Gladstone Financial Corporation (PGC) To Go Ex-Dividend on May 7th

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) declared a quarterly dividend on Thursday, March 26th. Investors of record on Thursday, May 7th will be paid a dividend of 0.05 per share by the financial services provider on Thursday, May 21st. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, May 7th.

Peapack-Gladstone Financial has a payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Peapack-Gladstone Financial to earn $4.63 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.3%.

Peapack-Gladstone Financial Trading Up 0.6%

NASDAQ PGC opened at $41.83 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.15. The stock’s 50-day simple moving average is $36.21 and its two-hundred day simple moving average is $31.37. Peapack-Gladstone Financial has a twelve month low of $24.42 and a twelve month high of $42.98. The company has a market capitalization of $734.95 million, a price-to-earnings ratio of 16.87 and a beta of 0.72.

Peapack-Gladstone Financial (NASDAQ:PGC) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.14. The firm had revenue of $82.49 million during the quarter, compared to analysts’ expectations of $79.17 million. Peapack-Gladstone Financial had a return on equity of 6.82% and a net margin of 9.60%. Research analysts forecast that Peapack-Gladstone Financial will post 3.66 EPS for the current fiscal year.

Peapack-Gladstone Financial Company Profile

Peapack-Gladstone Financial Corporation is the parent company of Peapack-Gladstone Bank, a New Jersey-chartered commercial bank headquartered in Bedminster, New Jersey, that trades on the NASDAQ under the symbol PGC. Through Peapack-Gladstone Bank, the company offers a broad range of deposit and lending solutions, including checking and savings accounts, residential and commercial real estate loans, lines of credit and treasury management services. Clients benefit from both in-branch relationship banking and an expanding suite of digital banking tools designed to support personal and business financial needs.

Complementing its core banking operations, Peapack-Gladstone Financial provides wealth management, trust and financial planning services through its subsidiary, Peapack-Gladstone Wealth Management.