Peapack-Gladstone Financial Corporation (PGC) Receives News Sentiment Rating of 0.21

News stories about Peapack-Gladstone Financial Corporation (NASDAQ:PGC) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative 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 negative one to one, with scores closest to one being the most favorable. Peapack-Gladstone Financial Corporation earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.9743468064827 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.

Several research firms have recently weighed in on PGC. BidaskClub upgraded Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Keefe, Bruyette & Woods began coverage on Peapack-Gladstone Financial Corporation in a report on Monday, July 17th. They set an “outperform” rating and a $38.00 price objective on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Peapack-Gladstone Financial Corporation presently has an average rating of “Buy” and an average price target of $32.00.

Peapack-Gladstone Financial Corporation (NASDAQ PGC) traded up 0.75% during trading on Wednesday, hitting $34.99. The stock had a trading volume of 15,850 shares. The stock has a 50 day moving average of $32.26 and a 200 day moving average of $31.29. The firm has a market capitalization of $608.93 million, a P/E ratio of 19.78 and a beta of 1.04. Peapack-Gladstone Financial Corporation has a one year low of $20.83 and a one year high of $35.20.

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

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About Peapack-Gladstone Financial Corporation

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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