Peapack-Gladstone Financial Co. (NASDAQ:PGC) has received a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $39.00.

PGC has been the topic of a number of recent analyst reports. BidaskClub cut shares of Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 13th. FIG Partners restated an “outperform” rating on shares of Peapack-Gladstone Financial in a research note on Tuesday, July 24th. Zacks Investment Research cut shares of Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, ValuEngine cut shares of Peapack-Gladstone Financial from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th.

Institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP bought a new stake in Peapack-Gladstone Financial in the second quarter worth about $293,000. Virginia Retirement Systems ET AL bought a new stake in Peapack-Gladstone Financial in the second quarter worth about $356,000. Citadel Advisors LLC bought a new stake in Peapack-Gladstone Financial in the first quarter worth about $355,000. Alps Advisors Inc. raised its position in Peapack-Gladstone Financial by 16.8% in the third quarter. Alps Advisors Inc. now owns 15,396 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 2,220 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Peapack-Gladstone Financial by 66.9% in the first quarter. JPMorgan Chase & Co. now owns 16,350 shares of the financial services provider’s stock worth $546,000 after acquiring an additional 6,556 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.

Shares of NASDAQ PGC traded down $0.62 during midday trading on Friday, reaching $27.43. 49,488 shares of the company traded hands, compared to its average volume of 75,701. Peapack-Gladstone Financial has a 52 week low of $25.82 and a 52 week high of $38.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.31. The stock has a market cap of $521.47 million, a P/E ratio of 14.14 and a beta of 0.82.

Peapack-Gladstone Financial (NASDAQ:PGC) last issued its quarterly earnings data on Friday, October 26th. The financial services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Peapack-Gladstone Financial had a net margin of 22.54% and a return on equity of 10.15%. The company had revenue of $39.13 million for the quarter, compared to the consensus estimate of $42.08 million. On average, sell-side analysts anticipate that Peapack-Gladstone Financial will post 2.42 earnings per share for the current fiscal year.

Peapack-Gladstone Financial 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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