FSI Group LLC maintained its stake in shares of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,600 shares of the financial services provider’s stock at the end of the second quarter. FSI Group LLC owned 0.38% of Peapack-Gladstone Financial Corporation worth $2,084,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its stake 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 worth $2,035,000 after buying an additional 1,094 shares during the period. Bowling Portfolio Management LLC bought a new stake in shares of Peapack-Gladstone Financial Corporation during the second quarter worth approximately $432,000. Bessemer Group Inc. increased its stake in shares of Peapack-Gladstone Financial Corporation by 36.4% in the second quarter. Bessemer Group Inc. now owns 26,600 shares of the financial services provider’s stock worth $832,000 after buying an additional 7,100 shares during the period. Trexquant Investment LP bought a new stake in shares of Peapack-Gladstone Financial Corporation during the second quarter worth approximately $304,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Peapack-Gladstone Financial Corporation by 21.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 58,757 shares of the financial services provider’s stock worth $1,839,000 after buying an additional 10,294 shares during the period. Institutional investors own 66.27% of the company’s stock.

Peapack-Gladstone Financial Corporation (NASDAQ PGC) traded down 0.10% during mid-day trading on Friday, hitting $30.47. The stock had a trading volume of 56,361 shares. The company has a 50-day moving average price of $31.47 and a 200 day moving average price of $30.97. The company has a market cap of $530.27 million, a P/E ratio of 17.22 and a beta of 1.03. Peapack-Gladstone Financial Corporation has a 1-year low of $19.71 and a 1-year high of $33.68.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last posted its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Peapack-Gladstone Financial Corporation had a net margin of 19.54% and a return on equity of 9.12%. The company had revenue of $35.14 million during the quarter. Equities research analysts forecast that Peapack-Gladstone Financial Corporation will post $1.84 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Monday, August 7th. Peapack-Gladstone Financial Corporation’s dividend payout ratio (DPR) is presently 11.30%.

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PGC has been the subject of a number of recent research reports. ValuEngine upgraded Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Keefe, Bruyette & Woods initiated coverage on Peapack-Gladstone Financial Corporation in a research report on Monday, July 17th. They set an “outperform” rating and a $38.00 price objective for the company. Finally, BidaskClub downgraded Peapack-Gladstone Financial Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Peapack-Gladstone Financial Corporation currently has an average rating of “Buy” and an average price target of $32.00.

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.

Institutional Ownership by Quarter for Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

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