Peapack-Gladstone Financial Corporation (PGC) to Issue $0.05 Quarterly Dividend
Peapack-Gladstone Financial Corporation (NASDAQ:PGC) declared a quarterly dividend on Thursday, October 26th, NASDAQ reports. Investors of record on Thursday, November 9th will be given a dividend of 0.05 per share by the financial services provider on Thursday, November 23rd. 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 quarterly earnings data on Friday, October 27th. The financial services provider reported $0.56 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.11. The firm had revenue of $38.82 million during the quarter. Peapack-Gladstone Financial Corporation had a return on equity of 9.82% and a net margin of 20.36%.
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Several analysts have issued reports on PGC shares. Keefe, Bruyette & Woods started coverage on Peapack-Gladstone Financial Corporation in a report on Monday, July 17th. They issued an “outperform” rating and a $38.00 target price for the company. BidaskClub upgraded Peapack-Gladstone Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $32.17.
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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