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

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) declared a quarterly dividend on Friday, July 28th, NASDAQ reports. Investors of record on Wednesday, August 9th will be given a dividend of 0.05 per share by the financial services provider on Wednesday, August 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Monday, August 7th.

Peapack-Gladstone Financial Corporation (NASDAQ PGC) traded down 2.03% during trading on Friday, reaching $29.46. 59,806 shares of the company were exchanged. The firm has a 50-day moving average of $31.87 and a 200-day moving average of $31.05. Peapack-Gladstone Financial Corporation has a 52-week low of $19.63 and a 52-week high of $33.68. The firm has a market cap of $512.69 million, a price-to-earnings ratio of 16.65 and a beta of 1.03.

Peapack-Gladstone Financial Corporation (NASDAQ:PGC) last announced its quarterly earnings data on Friday, July 28th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Peapack-Gladstone Financial Corporation had a return on equity of 9.12% and a net margin of 19.54%. The business had revenue of $35.14 million for the quarter. On average, equities analysts forecast that Peapack-Gladstone Financial Corporation will post $1.84 EPS for the current year.

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PGC has been the topic of several analyst reports. Keefe, Bruyette & Woods initiated coverage on Peapack-Gladstone Financial Corporation in a research report on Monday, July 17th. They set an “outperform” rating and a $38.00 price target on the stock. ValuEngine upgraded Peapack-Gladstone Financial Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Peapack-Gladstone Financial Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $32.00.

Peapack-Gladstone Financial Corporation Company Profile

Peapack-Gladstone Financial Corporation is a bank holding company. The Company’s principal subsidiary is Peapack-Gladstone Bank (the Bank), which is a state chartered commercial bank. The Company operates through two segments: Banking and Private Wealth Management Division. The Banking segment includes commercial, commercial real estate, multifamily, residential and consumer lending activities; deposit generation; operation of automated teller machines (ATMs); telephone and Internet banking services; merchant credit card services, and customer support sales.

Dividend History for Peapack-Gladstone Financial Corporation (NASDAQ:PGC)

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