First Trust Advisors LP increased its holdings in Peapack-Gladstone Financial Co. Common Stock (NASDAQ:PGC) by 23.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,622 shares of the financial services provider’s stock after buying an additional 8,529 shares during the period. First Trust Advisors LP owned about 0.24% of Peapack-Gladstone Financial Co. Common Stock worth $1,578,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Swiss National Bank boosted its position in shares of Peapack-Gladstone Financial Co. Common Stock by 6.4% in the 1st quarter. Swiss National Bank now owns 26,500 shares of the financial services provider’s stock worth $885,000 after buying an additional 1,600 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Peapack-Gladstone Financial Co. Common Stock by 9.7% in the 1st quarter. Wells Fargo & Company MN now owns 26,935 shares of the financial services provider’s stock worth $899,000 after buying an additional 2,386 shares in the last quarter. Citigroup Inc. boosted its position in shares of Peapack-Gladstone Financial Co. Common Stock by 32.8% in the 1st quarter. Citigroup Inc. now owns 10,367 shares of the financial services provider’s stock worth $346,000 after buying an additional 2,558 shares in the last quarter. Northern Trust Corp boosted its position in shares of Peapack-Gladstone Financial Co. Common Stock by 2.2% in the 1st quarter. Northern Trust Corp now owns 227,346 shares of the financial services provider’s stock worth $7,591,000 after buying an additional 4,879 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Peapack-Gladstone Financial Co. Common Stock by 23.2% in the 1st quarter. California Public Employees Retirement System now owns 27,914 shares of the financial services provider’s stock worth $932,000 after buying an additional 5,249 shares in the last quarter. Institutional investors and hedge funds own 72.06% of the company’s stock.

Several equities research analysts recently commented on the stock. BidaskClub lowered shares of Peapack-Gladstone Financial Co. Common Stock from a “hold” rating to a “sell” rating in a research report on Friday, July 13th. FIG Partners reiterated an “outperform” rating on shares of Peapack-Gladstone Financial Co. Common Stock in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.75.

NASDAQ:PGC opened at $32.14 on Friday. The stock has a market capitalization of $627.37 million, a price-to-earnings ratio of 16.57 and a beta of 0.85. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.03 and a current ratio of 1.03. Peapack-Gladstone Financial Co. Common Stock has a 12-month low of $30.85 and a 12-month high of $38.00.

Peapack-Gladstone Financial Co. Common Stock (NASDAQ:PGC) last released its earnings results on Friday, July 27th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.02. The company had revenue of $40.98 million for the quarter, compared to analyst estimates of $40.89 million. Peapack-Gladstone Financial Co. Common Stock had a net margin of 22.54% and a return on equity of 10.15%. analysts forecast that Peapack-Gladstone Financial Co. Common Stock will post 2.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 23rd. Shareholders of record on Thursday, August 9th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.62%. Peapack-Gladstone Financial Co. Common Stock’s dividend payout ratio (DPR) is 10.31%.

Peapack-Gladstone Financial Co. Common Stock Company Profile

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 Private Wealth Management. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.

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Institutional Ownership by Quarter for Peapack-Gladstone Financial Co. Common Stock (NASDAQ:PGC)

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