Peapack-Gladstone Financial Co. (NASDAQ:PGC) EVP Eric H. Waser sold 1,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $29.55, for a total value of $44,325.00. Following the sale, the executive vice president now directly owns 25,941 shares of the company’s stock, valued at $766,556.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Peapack-Gladstone Financial stock traded up $0.02 during mid-day trading on Monday, reaching $29.58. 42,573 shares of the company were exchanged, compared to its average volume of 64,369. Peapack-Gladstone Financial Co. has a twelve month low of $23.96 and a twelve month high of $32.68. The firm’s 50-day simple moving average is $27.68 and its two-hundred day simple moving average is $27.74. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $569.49 million, a PE ratio of 12.81, a price-to-earnings-growth ratio of 2.16 and a beta of 1.00.

Peapack-Gladstone Financial (NASDAQ:PGC) last posted its quarterly earnings data on Friday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.02). Peapack-Gladstone Financial had a return on equity of 9.36% and a net margin of 20.28%. The company had revenue of $42.29 million for the quarter, compared to analyst estimates of $42.92 million. As a group, equities research analysts anticipate that Peapack-Gladstone Financial Co. will post 2.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Thursday, August 8th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. Peapack-Gladstone Financial’s payout ratio is 8.66%.

Separately, BidaskClub cut Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $36.50.

A number of institutional investors have recently bought and sold shares of the business. Boston Partners lifted its position in Peapack-Gladstone Financial by 0.4% during the 2nd quarter. Boston Partners now owns 768,301 shares of the financial services provider’s stock worth $21,606,000 after acquiring an additional 3,194 shares during the period. Salzhauer Michael lifted its holdings in shares of Peapack-Gladstone Financial by 3.6% in the 2nd quarter. Salzhauer Michael now owns 142,615 shares of the financial services provider’s stock valued at $4,010,000 after buying an additional 5,000 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Peapack-Gladstone Financial in the 2nd quarter valued at approximately $202,000. Prestige Wealth Management Group LLC acquired a new stake in shares of Peapack-Gladstone Financial in the 2nd quarter valued at approximately $146,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Peapack-Gladstone Financial in the 2nd quarter valued at approximately $3,303,000. 72.64% of the stock is owned by institutional investors.

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 Private Wealth Management. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.

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