PEAPACK-GLADSTONE FINL

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Peapack-Gladstone Financial Co. (NASDAQ:PGC – Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,467 shares of the financial services provider’s stock after purchasing an additional 2,272 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Peapack-Gladstone Financial worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Peapack-Gladstone Financial by 37.5% in the fourth quarter. JPMorgan Chase & Co. now owns 202,865 shares of the financial services provider’s stock valued at $6,502,000 after purchasing an additional 55,363 shares during the period. Proficio Capital Partners LLC acquired a new stake in Peapack-Gladstone Financial in the fourth quarter valued at approximately $532,000. Empowered Funds LLC raised its holdings in Peapack-Gladstone Financial by 4.9% in the fourth quarter. Empowered Funds LLC now owns 51,121 shares of the financial services provider’s stock valued at $1,638,000 after acquiring an additional 2,411 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Peapack-Gladstone Financial by 41.1% in the fourth quarter. Nuveen Asset Management LLC now owns 48,831 shares of the financial services provider’s stock valued at $1,565,000 after acquiring an additional 14,220 shares in the last quarter. Finally, Delta Financial Group Inc. acquired a new stake in Peapack-Gladstone Financial during the fourth quarter worth approximately $353,000. 72.75% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In A number of research firms have commented on PGC. Wall Street Zen upgraded shares of Peapack-Gladstone Financial from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James assumed coverage on shares of Peapack-Gladstone Financial in a report on Friday, April 11th. They set a “strong-buy” rating and a $39.00 price target for the company. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Peapack-Gladstone Financial from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. View Our Latest Research Report on Peapack-Gladstone Financial Insiders Place Their Bets In other news, Director F Duffield Meyercord purchased 6,316 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average price of $28.44 per share, for a total transaction of $179,627.04. Following the completion of the acquisition, the director now directly owns 140,372 shares of the company’s stock, valued at $3,992,179.68. The trade was a 4.71% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John P. Babcock sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $28.76, for a total transaction of $287,600.00. Following the completion of the sale, the executive vice president now directly owns 39,155 shares of the company’s stock, valued at $1,126,097.80. This represents a 20.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,000 shares of company stock worth $1,152,650 over the last ninety days. Company insiders own 7.63% of the company’s stock. Peapack-Gladstone Financial Stock Performance Peapack-Gladstone Financial stock opened at $28.30 on Wednesday. Peapack-Gladstone Financial Co. has a 12-month low of $20.61 and a 12-month high of $37.88. The company has a market capitalization of $501.93 million, a price-to-earnings ratio of 15.30 and a beta of 0.86. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s fifty day moving average price is $27.31 and its 200 day moving average price is $30.58. Peapack-Gladstone Financial (NASDAQ:PGC – Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.08). The company had revenue of $64.36 million for the quarter, compared to analyst estimates of $64.07 million. Peapack-Gladstone Financial had a return on equity of 5.57% and a net margin of 8.11%. On average, research analysts forecast that Peapack-Gladstone Financial Co. will post 2.71 EPS for the current fiscal year. Peapack-Gladstone Financial Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.05 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. Peapack-Gladstone Financial’s dividend payout ratio (DPR) is 11.11%. About Peapack-Gladstone Financial (Free Report) 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.» Mehr auf defenseworld.net

The headline numbers for Peapack-Gladstone (PGC) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.» Mehr auf zacks.com

Peapack-Gladstone (PGC) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.48 per share a year ago.» Mehr auf zacks.com