Somewhat Positive News Coverage Somewhat Unlikely to Affect Peapack-Gladstone Financial (PGC) Stock Price
News headlines about Peapack-Gladstone Financial (NASDAQ:PGC) have trended somewhat positive on Monday, Accern reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Peapack-Gladstone Financial earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.5140639814534 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Director of Peapack Gladstone Financial Corp (NASDAQ:PGC), Lamb James R, sells 500 shares worth $17,582 (empowerednews.net)
- Peapack-Gladstone Financial Corporation (Nasdaq: PGC) to Ring The Nasdaq Stock Market Closing Bell (markets.financialcontent.com)
- Insider Selling: Peapack-Gladstone Financial Corp (PGC) Director Sells 500 Shares of Stock (americanbankingnews.com)
- PEAPACK-GLADSTONE FINANCIAL CORPORATION (NASDAQ:PGC) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- Peapack-Gladstone Financial Corporation Announces Completion of Sale of Subordinated Notes (nasdaq.com)
Peapack-Gladstone Financial (NASDAQ PGC) traded up $0.58 during midday trading on Monday, reaching $35.15. The company had a trading volume of 175,500 shares, compared to its average volume of 58,631. Peapack-Gladstone Financial has a 12-month low of $28.24 and a 12-month high of $37.30. The stock has a market cap of $641.84, a P/E ratio of 18.50 and a beta of 0.99. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.26.
Peapack-Gladstone Financial (NASDAQ:PGC) last released its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. Peapack-Gladstone Financial had a return on equity of 9.54% and a net margin of 20.36%. The firm had revenue of $38.82 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 24th. Investors of record on Thursday, November 9th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date was Wednesday, November 8th. Peapack-Gladstone Financial’s payout ratio is currently 10.53%.
A number of equities analysts have recently issued reports on PGC shares. BidaskClub raised Peapack-Gladstone Financial from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.50 target price on shares of Peapack-Gladstone Financial in a research note on Thursday, October 26th. Finally, ValuEngine downgraded Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $35.75.
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 stock was sold at an average price of $35.30, for a total value of $35,300.00. Following the completion of the transaction, the director now directly owns 21,756 shares of the company’s stock, valued at approximately $767,986.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 1,810 shares of company stock valued at $63,498 over the last ninety days. 5.89% of the stock is currently owned by company insiders.
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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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