Peapack-Gladstone Financial Corp (PGC) Announces Quarterly Dividend of $0.05

Peapack-Gladstone Financial Corp (NASDAQ:PGC) announced a quarterly dividend on Thursday, January 25th, NASDAQ reports. Shareholders of record on Thursday, February 8th will be given a dividend of 0.05 per share by the financial services provider on Friday, February 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Wednesday, February 7th.

Shares of Peapack-Gladstone Financial (NASDAQ PGC) opened at $35.99 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.02 and a quick ratio of 1.02. Peapack-Gladstone Financial has a 12-month low of $28.24 and a 12-month high of $38.00. The stock has a market capitalization of $661.37 and a price-to-earnings ratio of 18.31.

Several analysts have recently issued reports on PGC shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $38.50 price objective on shares of Peapack-Gladstone Financial in a research report on Thursday, October 26th. BidaskClub downgraded Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine downgraded Peapack-Gladstone Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Hovde Group restated a “buy” rating and issued a $39.00 price objective on shares of Peapack-Gladstone Financial in a research report on Thursday.

In related news, Director James R. Lamb sold 1,000 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $35.30, for a total transaction of $35,300.00. Following the transaction, the director now directly owns 21,756 shares in the company, valued at $767,986.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 2,060 shares of company stock worth $72,378 over the last 90 days. Company insiders own 5.89% of the company’s stock.

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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.

Dividend History for Peapack-Gladstone Financial (NASDAQ:PGC)

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