Peapack-Gladstone Financial Corporation (NASDAQ:PGC) Declares Quarterly Dividend of $0.05

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Thursday, February 12th will be paid a dividend of 0.05 per share by the financial services provider on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, February 12th.

Peapack-Gladstone Financial has a payout ratio of 5.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peapack-Gladstone Financial to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.0%.

Peapack-Gladstone Financial Trading Up 0.7%

NASDAQ:PGC opened at $35.47 on Tuesday. Peapack-Gladstone Financial has a 1-year low of $23.96 and a 1-year high of $35.68. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $29.58 and a 200 day simple moving average of $27.98. The firm has a market capitalization of $622.77 million, a price-to-earnings ratio of 18.28 and a beta of 0.73.

Peapack-Gladstone Financial (NASDAQ:PGC) last posted its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The business had revenue of $77.67 million for the quarter, compared to analysts’ expectations of $73.69 million. Peapack-Gladstone Financial had a net margin of 7.91% and a return on equity of 5.51%. Sell-side analysts forecast that Peapack-Gladstone Financial will post 2.71 earnings per share for the current year.

About Peapack-Gladstone Financial

Peapack-Gladstone Financial Corporation is the parent company of Peapack-Gladstone Bank, a New Jersey-chartered commercial bank headquartered in Bedminster, New Jersey, that trades on the NASDAQ under the symbol PGC. Through Peapack-Gladstone Bank, the company offers a broad range of deposit and lending solutions, including checking and savings accounts, residential and commercial real estate loans, lines of credit and treasury management services. Clients benefit from both in-branch relationship banking and an expanding suite of digital banking tools designed to support personal and business financial needs.

Complementing its core banking operations, Peapack-Gladstone Financial provides wealth management, trust and financial planning services through its subsidiary, Peapack-Gladstone Wealth Management.