Peapack-Gladstone Financial Corporation (PGC)

Panagora Asset Management Inc. Has $3.22 Million Stock Holdings in Peapack-Gladstone Financial Co. (NASDAQ:PGC)

Panagora Asset Management Inc. lowered its stake in shares of Peapack-Gladstone Financial Co. (NASDAQ:PGC – Free Report) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,910 shares of the financial services provider’s stock after selling 968 shares during the period. Panagora Asset Management Inc. owned 0.61% of Peapack-Gladstone Financial worth $3,218,000 at the end of the most recent quarter. Several other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in shares of Peapack-Gladstone Financial by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,269,472 shares of the financial services provider’s stock valued at $37,856,000 after buying an additional 20,053 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Peapack-Gladstone Financial by 14.5% in the fourth quarter. Russell Investments Group Ltd. now owns 46,430 shares of the financial services provider’s stock valued at $1,385,000 after purchasing an additional 5,877 shares during the last quarter. Strs Ohio lifted its stake in shares of Peapack-Gladstone Financial by 15.7% during the 4th quarter. Strs Ohio now owns 21,400 shares of the financial services provider’s stock worth $638,000 after buying an additional 2,900 shares during the last quarter. SG Americas Securities LLC lifted its position in Peapack-Gladstone Financial by 31.5% during the fourth quarter. SG Americas Securities LLC now owns 11,558 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 2,768 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Peapack-Gladstone Financial by 1.3% during the third quarter. Vanguard Group Inc. now owns 876,954 shares of the financial services provider’s stock worth $22,494,000 after purchasing an additional 11,345 shares during the period. Institutional investors and hedge funds own 72.75% of the company’s stock. Analysts Set New Price Targets A number of research analysts have commented on PGC shares. Keefe, Bruyette & Woods decreased their price objective on Peapack-Gladstone Financial from $30.50 to $29.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. Piper Sandler lowered shares of Peapack-Gladstone Financial from an “overweight” rating to a “neutral” rating in a research report on Wednesday, April 24th. Finally, TheStreet lowered shares of Peapack-Gladstone Financial from a “b-” rating to a “c+” rating in a research report on Friday, February 23rd. View Our Latest Analysis on Peapack-Gladstone Financial Peapack-Gladstone Financial Trading Up 1.3 % Shares of Peapack-Gladstone Financial stock opened at $24.07 on Monday. The firm’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $25.44. Peapack-Gladstone Financial Co. has a 12-month low of $21.58 and a 12-month high of $31.49. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $427.72 million, a price-to-earnings ratio of 11.04 and a beta of 0.99. Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.02). The business had revenue of $53.08 million for the quarter, compared to the consensus estimate of $53.69 million. Peapack-Gladstone Financial had a return on equity of 7.23% and a net margin of 10.11%. On average, analysts forecast that Peapack-Gladstone Financial Co. will post 2.04 earnings per share for the current fiscal year. Peapack-Gladstone Financial Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 23rd. Investors of record on Thursday, May 9th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. Peapack-Gladstone Financial’s dividend payout ratio (DPR) is presently 9.17%. Peapack-Gladstone Financial Profile (Free Report) Peapack-Gladstone Financial Corporation operates as the bank holding company for Peapack-Gladstone Bank that provides private banking and wealth management services in the United States. The company operates in two segments, Banking and Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.