Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Peapack-Gladstone Financial (PGC) Share Price
Media stories about Peapack-Gladstone Financial (NASDAQ:PGC) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Peapack-Gladstone Financial earned a news impact score of 0.24 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 44.622287709804 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Peapack-Gladstone Financial (NASDAQ:PGC) opened at $36.52 on Friday. The firm has a market cap of $662.82, a P/E ratio of 19.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.02. Peapack-Gladstone Financial has a fifty-two week low of $28.24 and a fifty-two week high of $37.30.
Peapack-Gladstone Financial (NASDAQ:PGC) last posted its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.11. The company had revenue of $38.82 million during the quarter. Peapack-Gladstone Financial had a net margin of 20.36% and a return on equity of 9.54%.
PGC has been the subject of several recent analyst reports. BidaskClub raised shares of Peapack-Gladstone Financial from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.50 price objective on shares of Peapack-Gladstone Financial in a report on Thursday, October 26th. Finally, ValuEngine lowered shares of Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th.
In related news, Director James R. Lamb sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $35.30, for a total value of $35,300.00. Following the completion of the sale, the director now owns 21,756 shares of the company’s stock, valued at $767,986.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 2,060 shares of company stock valued at $72,378. Company insiders own 5.89% of the company’s stock.
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Peapack-Gladstone Financial 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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