Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) had its price target reduced by equities researchers at Keefe, Bruyette & Woods from $30.50 to $29.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 29.58% from the company’s previous close.
A number of other equities research analysts have also recently commented on PGC. Piper Sandler cut Peapack-Gladstone Financial from an “overweight” rating to a “neutral” rating in a research note on Wednesday, April 24th. TheStreet lowered Peapack-Gladstone Financial from a “b-” rating to a “c+” rating in a report on Friday, February 23rd.
Get Our Latest Research Report on PGC
Peapack-Gladstone Financial Price Performance
Institutional Trading of Peapack-Gladstone Financial
A number of hedge funds have recently bought and sold shares of the company. Swiss National Bank lifted its position in Peapack-Gladstone Financial by 2.6% in the 3rd quarter. Swiss National Bank now owns 35,700 shares of the financial services provider’s stock worth $916,000 after buying an additional 900 shares during the last quarter. Quantbot Technologies LP bought a new stake in Peapack-Gladstone Financial in the third quarter valued at approximately $25,000. Trexquant Investment LP lifted its position in Peapack-Gladstone Financial by 9.6% in the third quarter. Trexquant Investment LP now owns 13,975 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 1,222 shares during the last quarter. Quest Partners LLC bought a new stake in Peapack-Gladstone Financial in the fourth quarter valued at approximately $77,000. Finally, SG Americas Securities LLC lifted its position in Peapack-Gladstone Financial by 31.5% in the fourth quarter. SG Americas Securities LLC now owns 11,558 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 2,768 shares during the last quarter. Institutional investors own 72.75% of the company’s stock.
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 Peapack Private. It offers checking and savings accounts, money market and interest-bearing checking accounts, certificates of deposit, and individual retirement accounts.
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