Trading Report: The Peapack-Gladstone Financial Corp. (PGC) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

The Peapack-Gladstone Financial Corp. (PGC) Announces Quarterly  Earnings Results, Beats Estimates By $0.05 EPS

Peapack-Gladstone Financial Corp. (NASDAQ:PGC) posted its quarterly earnings results on Friday. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Peapack-Gladstone Financial Corp. had a return on equity of 8.34% and a net margin of 16.14%. The business had revenue of $31.80 million for the quarter, compared to analyst estimates of $30.90 million.

Peapack-Gladstone Financial Corp. (NASDAQ:PGC) opened at 21.61 on Monday. The firm’s 50-day moving average price is $21.60 and its 200 day moving average price is $19.86. The company has a market capitalization of $355.85 million, a price-to-earnings ratio of 14.96 and a beta of 0.71. Peapack-Gladstone Financial Corp. has a 12-month low of $16.17 and a 12-month high of $23.82.

In other Peapack-Gladstone Financial Corp. news, EVP Eric H. Waser bought 1,900 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was purchased at an average cost of $19.88 per share, for a total transaction of $37,772.00. Following the completion of the purchase, the executive vice president now directly owns 21,073 shares of the company’s stock, valued at $418,931.24. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 5.42% of the company’s stock.

About Peapack-Gladstone Financial Corp.

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