Northern Trust Corp lifted its holdings in Peapack-Gladstone Financial Corporation (NASDAQ:PGC) by 13.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 218,831 shares of the financial services provider’s stock after buying an additional 26,757 shares during the quarter. Northern Trust Corp owned approximately 1.25% of Peapack-Gladstone Financial Corporation worth $6,847,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Wells Fargo & Company MN lifted its position in shares of Peapack-Gladstone Financial Corporation by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 11,323 shares of the financial services provider’s stock worth $354,000 after buying an additional 168 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Peapack-Gladstone Financial Corporation by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,047 shares of the financial services provider’s stock valued at $2,035,000 after purchasing an additional 1,094 shares during the last quarter. Rhumbline Advisers lifted its position in Peapack-Gladstone Financial Corporation by 10.4% in the 2nd quarter. Rhumbline Advisers now owns 19,153 shares of the financial services provider’s stock valued at $599,000 after purchasing an additional 1,800 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Peapack-Gladstone Financial Corporation by 2.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 72,281 shares of the financial services provider’s stock valued at $2,262,000 after purchasing an additional 1,891 shares during the last quarter. Finally, Citigroup Inc. lifted its position in Peapack-Gladstone Financial Corporation 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 during the last quarter. Institutional investors own 67.86% of the company’s stock.

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Shares of Peapack-Gladstone Financial Corporation (NASDAQ PGC) opened at $31.71 on Monday. The firm has a market cap of $579.01, a PE ratio of 16.69 and a beta of 1.02. Peapack-Gladstone Financial Corporation has a 52-week low of $23.22 and a 52-week high of $35.85. 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 Corporation (NASDAQ:PGC) last issued its quarterly earnings data on Friday, October 27th. The financial services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.11. The firm had revenue of $38.82 million for the quarter. Peapack-Gladstone Financial Corporation had a net margin of 20.36% and a return on equity of 9.54%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 9th will be given a $0.05 dividend. The ex-dividend date is Wednesday, November 8th. This represents a $0.20 annualized dividend and a yield of 0.63%. Peapack-Gladstone Financial Corporation’s dividend payout ratio is presently 10.53%.

Several analysts recently weighed in on PGC shares. Keefe, Bruyette & Woods started coverage on shares of Peapack-Gladstone Financial Corporation in a research report on Monday, July 17th. They issued an “outperform” rating and a $38.00 price objective on the stock. BidaskClub downgraded shares of Peapack-Gladstone Financial Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $35.75.

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.

Institutional Ownership by Quarter for Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

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