Shares of Peapack-Gladstone Financial Corp (NASDAQ:PGC) have earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.

Analysts have set a twelve-month consensus price target of $33.00 for the company, according to Zacks. Zacks has also assigned Peapack-Gladstone Financial an industry rank of 108 out of 265 based on the ratings given to related companies.

PGC has been the topic of several analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $38.50 price target on shares of Peapack-Gladstone Financial in a report on Thursday, October 26th. BidaskClub upgraded shares of Peapack-Gladstone Financial from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Finally, ValuEngine downgraded shares of Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th.

Large investors have recently modified their holdings of the company. Citigroup Inc. boosted its stake in shares of Peapack-Gladstone Financial by 288.3% in the 2nd quarter. Citigroup Inc. now owns 4,349 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 3,229 shares in the last quarter. Voya Investment Management LLC acquired a new stake in shares of Peapack-Gladstone Financial in the 2nd quarter valued at $223,000. CAPROCK Group Inc. acquired a new stake in shares of Peapack-Gladstone Financial in the 3rd quarter valued at $236,000. Marshall Wace North America L.P. acquired a new stake in shares of Peapack-Gladstone Financial in the 2nd quarter valued at $267,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Peapack-Gladstone Financial in the 2nd quarter valued at $271,000. Institutional investors own 69.48% of the company’s stock.

Peapack-Gladstone Financial (NASDAQ:PGC) opened at $34.69 on Monday. Peapack-Gladstone Financial has a 52-week low of $27.16 and a 52-week high of $37.30. The stock has a market cap of $633.42, a price-to-earnings ratio of 18.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 1.02.

Peapack-Gladstone Financial (NASDAQ:PGC) last announced its earnings results on Friday, October 27th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.11. Peapack-Gladstone Financial had a net margin of 20.36% and a return on equity of 9.54%. The business had revenue of $38.82 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Thursday, November 9th were paid a $0.05 dividend. The ex-dividend date was Wednesday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. Peapack-Gladstone Financial’s dividend payout ratio is presently 10.53%.

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About Peapack-Gladstone Financial

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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