Peapack-Gladstone Financial Corporation (PGC) Announces Quarterly Dividend of $0.05
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced a quarterly dividend on Thursday, October 26th, NASDAQ reports. Stockholders of record on Thursday, November 9th will be paid a dividend of 0.05 per share by the financial services provider on Friday, November 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, November 8th.
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last posted its earnings results on Friday, October 27th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.11. Peapack-Gladstone Financial Corporation had a net margin of 20.36% and a return on equity of 9.82%. The company had revenue of $38.82 million during the quarter.
A number of research firms have recently issued reports on PGC. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $38.50 target price on shares of Peapack-Gladstone Financial Corporation in a research note on Thursday, October 26th. BidaskClub upgraded shares of Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $32.17.
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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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