Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) posted its quarterly earnings data on Tuesday. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06, Yahoo Finance reports. Peapack-Gladstone Financial had a net margin of 8.50% and a return on equity of 5.91%. The company had revenue of $102.14 million for the quarter, compared to analyst estimates of $58.24 million.
Peapack-Gladstone Financial Stock Up 7.7 %
Shares of NASDAQ PGC opened at $31.20 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.98. The firm’s 50-day moving average is $27.55 and its two-hundred day moving average is $24.93. Peapack-Gladstone Financial has a 12-month low of $20.30 and a 12-month high of $31.71. The company has a market capitalization of $551.62 million, a PE ratio of 16.68 and a beta of 0.99.
Peapack-Gladstone Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, November 7th. Peapack-Gladstone Financial’s payout ratio is currently 10.70%.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on PGC
Insider Buying and Selling
In other Peapack-Gladstone Financial news, EVP John P. Babcock sold 10,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $26.89, for a total transaction of $268,900.00. Following the sale, the executive vice president now owns 52,155 shares in the company, valued at approximately $1,402,447.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.63% of the company’s stock.
About Peapack-Gladstone Financial
Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.
Featured Stories
- Five stocks we like better than Peapack-Gladstone Financial
- When to Sell a Stock for Profit or Loss
- NextEra Energy’s Strong Quarter Catches Wall Street’s Eye
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Goldman’s Lost Decade Forecast: These 3 Growth Stocks Can Win
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- WD-40 Company Gears Up for a Double-Digit Stock Advance
Receive News & Ratings for Peapack-Gladstone Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peapack-Gladstone Financial and related companies with MarketBeat.com's FREE daily email newsletter.