Peapack-Gladstone Financial (NASDAQ:PGC) Announces Quarterly Earnings Results
Peapack-Gladstone Financial (NASDAQ:PGC) posted its earnings results on Friday. The financial services provider reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $42.29 million during the quarter, compared to analyst estimates of $42.92 million. Peapack-Gladstone Financial had a return on equity of 9.73% and a net margin of 21.04%.
Shares of NASDAQ:PGC traded up $0.70 during midday trading on Friday, reaching $28.56. 56,558 shares of the company were exchanged, compared to its average volume of 49,314. Peapack-Gladstone Financial has a fifty-two week low of $23.96 and a fifty-two week high of $35.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.05 and a current ratio of 1.05. The stock’s fifty day moving average price is $28.13. The firm has a market cap of $541.78 million, a price-to-earnings ratio of 12.36, a PEG ratio of 2.28 and a beta of 1.03.
A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.50.
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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