Peapack-Gladstone Financial Corporation (NASDAQ:PGC) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Several other research analysts have also weighed in on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Peapack-Gladstone Financial Corporation in a research note on Monday, July 17th. They set an “outperform” rating and a $38.00 target price for the company. ValuEngine raised shares of Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $32.00.

Shares of Peapack-Gladstone Financial Corporation (NASDAQ:PGC) traded up 1.65% during trading on Friday, hitting $32.02. 161,072 shares of the company’s stock were exchanged. The company has a market cap of $557.24 million, a P/E ratio of 18.10 and a beta of 1.05. Peapack-Gladstone Financial Corporation has a 12-month low of $20.29 and a 12-month high of $33.68. The company has a 50-day moving average of $30.63 and a 200-day moving average of $30.82.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm had revenue of $35.14 million during the quarter. On average, equities analysts expect that Peapack-Gladstone Financial Corporation will post $1.84 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of PGC. Russell Investments Group Ltd. boosted 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 valued at $2,035,000 after purchasing an additional 1,094 shares during the period. Bowling Portfolio Management LLC purchased a new position in shares of Peapack-Gladstone Financial Corporation in the second quarter valued at approximately $432,000. Bessemer Group Inc. boosted 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 valued at $832,000 after purchasing an additional 7,100 shares during the period. Trexquant Investment LP purchased a new position in shares of Peapack-Gladstone Financial Corporation in the second quarter valued at approximately $304,000. Finally, Schwab Charles Investment Management Inc. boosted 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 valued at $1,839,000 after purchasing an additional 10,294 shares during the period. 67.86% of the stock is owned by institutional investors and hedge funds.

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.

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