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

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) announced a quarterly dividend on Thursday, March 26th. Shareholders of record on Thursday, May 7th will be paid a dividend of 0.05 per share by the financial services provider on Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, May 7th.

Peapack-Gladstone Financial has a dividend payout ratio of 5.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Peapack-Gladstone Financial to earn $4.63 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 4.3%.

Peapack-Gladstone Financial Stock Performance

Shares of PGC stock opened at $41.60 on Tuesday. The firm has a market capitalization of $730.91 million, a PE ratio of 16.77 and a beta of 0.72. The firm has a fifty day simple moving average of $36.21 and a two-hundred day simple moving average of $31.37. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. Peapack-Gladstone Financial has a 12 month low of $24.42 and a 12 month high of $42.98.

Peapack-Gladstone Financial (NASDAQ:PGC) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.14. Peapack-Gladstone Financial had a net margin of 9.60% and a return on equity of 6.82%. The business had revenue of $82.49 million during the quarter, compared to analyst estimates of $79.17 million. Analysts forecast that Peapack-Gladstone Financial will post 3.66 EPS for the current fiscal 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.